Keyword: electricity
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From 2005 to 2008, John Hofmeister ran the U.S. operations for Royal Dutch Shell. Then he turned 60. The Dutch have a cultural thing about 60. John said it roots back to post-WWII, when too many “older” folk were clinging to their jobs, so the unemployment rate among the youth was unacceptably high. So, many companies mandate retirement at 60. Fortunately, John didn’t drift off-stage. In fact, he’s more visible and viable now than ever. Frequently on CNBC, CNN, Fox and many others, he stopped by our Dallas studios to join Chris Faulkner of Breitling Energy and me for Powering...
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The average household winter heating fuel expenditures discussed in this STEO provide a broad guide to changes compared with last winter. However, fuel expenditures for individual households are highly dependent on local weather conditions, market size, the size and energy efficiency of individual homes and their heating equipment, and thermostat settings (see Winter Fuels Outlook table). Forecast temperatures based on the latest forecasts from the National Oceanic and Atmospheric Administration (NOAA) are much warmer than last winter east of the Rocky Mountains, with the Midwest 16% warmer, the South 12% warmer, the Northeast 11% warmer. However, last winter provides a...
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You may notice something called a California Climate Credit on your electricity bill. This credit is your share of money from a state program that is fighting climate change. It happens automatically in April/May and October/November for most California homeowners and monthly for most California small businesses – and it’s yours to keep.
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EPA has proposed one of the largest, most expensive regulations in American history. These rules will impact our entire economy, hurt America’s diverse energy portfolio, and result in higher electricity prices while having little benefit to the environment. EPA is asking for public comment on this vast, regulatory overreach between now and December 1, 2014. We need you to share your views with EPA by sending the letter below, or using the open space to personally tell EPA how higher energy prices will impact you, your business, and your family.
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It seems counter-intuitive and more than a little greedy to spend tens of thousands of dollars building green energy facilities so you can live off the grid and then fight the power company because they aren’t paying you for the extra power you give back to the grid. Let’s have our cake and eat it, too. Most people invest in solar panels and wind energy to relieve themselves of the burden and insecurity of depending on the giant energy grid most of us depend upon. And it is a dependable grid. Not having power in America is not common and...
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If you ask the people who run America's electric utilities what keeps them up at night, a surprising number will say solar power. Specifically, rooftop solar. That seems bizarre at first. Solar power provides just 0.4 percent of electricity in the United States — a minuscule amount. Why would anyone care? But utilities see things differently. As solar technology gets dramatically cheaper, tens of thousands of Americans are putting photovoltaic panels up on their roofs, generating their own power. At the same time, 43 states and Washington DC have "net metering" laws that allow solar-powered households to sell their excess...
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General Electric’s new high-efficiency gas turbines, fired at temperatures 200 degrees hotter than an erupting volcano, will see their U.S. debut at two gas power plants near Houston and Dallas. The New York industrial conglomerate said Monday it is getting paid more than $500 million to build four of its most advanced gas turbines and other equipment to power two of Exelon Corp.’s planned combined-cycle gas turbine units at its existing gas-fired plants in Texas. Combined-cycle units are more flexible than plants that rely only on gas or coal. GE’s new 440,000 horsepower gas turbines, each as powerful as about...
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Electric cars aren't selling nearly as well as many predicted. Why is that? Research suggests a host of reasons—including a basic lack of familiarity, a high price tag, misconceptions about the cars—and ineffective government incentives. Consider the lack of familiarity. In a survey by researchers from Indiana University and the University of Kansas, respondents couldn't correctly answer basic factual questions about plug-in electric vehicles more than 60% of the time. Some 75% of wrong answers underestimated the beneficial aspects of the vehicles. The survey, the most exhaustive on consumer perceptions of electric cars in recent years, was published in the...
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Gina McCarthy insists reducing carbon emissions, fighting climate change boost economyGina McCarthy argued Thursday that her home state of Massachusetts is proof you can cut greenhouse gas emissions while fostering economic prosperity, but the Environmental Protection Agency administrator failed to mention the apparent trade-off for consumers: dramatically higher electricity prices. In a speech promoting President Obama’s climate change agenda, Ms. McCarthy ignored the fact that New England states — which nearly a decade ago formed the nation’s first regional “cap and trade” system — are dealing with electricity rates more than 35 percent higher than the national average. She also...
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BOSTON (AP) — Many Massachusetts households are going to see their electric bills shoot up 37 percent this winter. State regulators have approved a 37 percent increase for National Grid household customers that would mean an average of $33 per month more for the typical residential customer. Large business customers will see even higher increases.
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Saudi Arabia is one of a handful of countries that burn crude oil directly for power generation, according to the Joint Organizations Data Initiative (JODI). During the summer, Saudi Arabia typically experiences an increase in electricity consumption as domestic demand for air conditioning rises. Saudi Arabia burned 0.9 million barrels per day (bbl/d) of crude oil in July, the highest ever recorded in JODI data for the month of July and the highest overall since August 2010. Saudi Arabia used an average of 0.7 million bbl/d of crude oil for power generation during the summers from 2009 to 2013. During...
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Duke Energy seeks nearly $2 million in Florida electricity rate hikes to pay for a new power plant made necessary by environmental restrictions. The electricity rate hikes became necessary as environmental restrictions force the closing of two coal power plants providing Floridians with inexpensive electricity. ... Aided by $10 million in campaign spending by billionaire liberal activist Tom Steyer, the Charlie Crist campaign is hammering Gov. Rick Scott for not imposing still more stringent power plant restrictions, above and beyond those imposed by the federal government. Steyer and Crist say Florida should impose state-specific power plant restrictions that would close...
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Elder of Ziyon just published a fascinating update on the widely reported story from late July, in which Gaza’s only power plant was allegedly completely “destroyed” by an Israeli missile strike. Here’s how the Guardian covered the incident in a July 30th report by Harriet Sherwood.The report, quite naturally, didn’t mention that Israel not only denied attacking the power plant, but explained that they didn’t bomb anything in the vicinity of the power plant that day. Here are the relevant paragraphs from Sherwood’s report: Flames and clouds of black smoke billowed over Gaza‘s only power plant on after it was...
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PUEBLO, Colo. - Black Hills executives heard another earful from its customers during a hearing on its proposed rate increase. "I'm mad as hell about these rate increases," said Frank Soudek. "Reasonably priced power. That's what we're asking for," said Lee Gladney. Black Hills wants to increase utility rates by 4 percent starting next year to make up for the construction cost of a wind farm in Huerfano County.
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When talking about energy and environmental policy, it is a bit troublesome to watch just how recklessly big-government environmentalists unfairly and erroneously accuse individuals and organizations of the pro-free market persuasion of being “climate deniers.” Instead of engaging in thoughtful, substantive discussion, many of these environmental activists oftentimes resort to this tactic of public shaming in order to eliminate debate and to bully individuals and groups into supporting an ever-expansive federal regulatory scheme. There is a key distinction between climate change denial and having major concerns with a proposed EPA regulation that would place a significant financial burden on the...
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According to the Energy Information Administration (EIA), residential electricity prices have risen by 3.2 percent during the first 6 months of this year compared to the first 6 months of last year—the highest year-over-year growth in 5 years. But, the real story is that New England’s residential electricity prices have risen 11.8 percent over that period—the highest increase anywhere in the nation. That is because New England is shuttering low-cost coal and nuclear plants and replacing them with new natural gas plants and mandated renewable energy sources. Worse, New England has done this against a backdrop of in-sufficient pipeline capacity...
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Mexico’s landmark energy reforms have mostly been discussed from the perspective of oil and gas production, but industry experts also hoping the changes will transform Mexico’s electric power industry. The country’s electric power sector has been plagued by not enough supply and inefficiencies for decades. The state-owned Federal Electricity Commission controlled the majority of generation and all transmission and distribution facilities. In a presentation Thursday in Houston on Mexican Energy reform, Mayer Brown partner Jose Valera estimated the average electricity rates in Mexico were about 25 percent higher than the average U.S. price even after the government offered a hefty...
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Electricity prices are on the rise across the country, according to federal government data. The average price has risen more than 3 percent since the same time last year — the highest year-over-year growth for the first half of the year since 2009. According to the U.S. Energy Information Administration, residential electricity prices — what households pay to keep the lights on — averaged 12.3 cents per kilowatt hour for the first half of this year. This is 3.2 percent above the average price this time last year. New England, however, saw prices rise significantly more than the national average....
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It was a major attack on a South Bay electrical substation, but first responders are now saying that a member of Congress—and the public—may not be getting the truthThree members of the Santa Clara County Sheriff’s Office who responded to a major attack on a South Bay electrical substation last year recently revealed their belief that those in charge mishandled critical decisions just hours after the incident. Around 1:30 a.m. on April 16 last year, an attacker or attackers opened fire on Pacific Gas and Electric Company’s Metcalf substation located off Highway 101 in south San Jose. Bullets from a...
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Consumers are being urged to buy powerful vacuum cleaners while they can after it emerged that some of the most powerful models on the market will disappear in September when a new EU rule comes into force. An EU energy label, to be introduced from 1 September, means manufacturers will not be able to make or import vacuum cleaners with a motor that exceeds 1,600 watts.The Which? consumer group said many of its Best Buy models had motor sizes that exceeded this, “so if you’re in the market for a powerful vacuum, you should act quickly, before all of the...
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