electricity prices

01Jun

Facing Grid Unreliability Reality

Summer heat has arrived and for too many families there’s deep concern over whether they can afford to stay cool or whether the grid is going to hold up when they need it most. With natural gas prices nearly three times what they were last year, electricity prices soaring and startling warnings about eroding grid […]
25May

Soaring Energy Prices are Swallowing Economic Recovery

Contrasting the painful immediacy of an oil price shock to that from electricity prices, Bloomberg columnist Javier Blas wrote, “akin to a rising tide, it is slow but relentless and then, surprise, you are overwhelmed.” Blas penned that description about the crushing electricity costs about to overwhelm Europe, but the metaphor neatly describes the electricity crisis […]
18May

As Natural Gas Prices Soar, a Plea for Energy Pragmatism

In the wake of stunning blackouts in California in August of 2020, California Assemblyman Jim Patterson said, “today we have a grid that is increasingly expensive, unreliable and unavailable when the people of California need it the most.” What Mr. Patterson didn’t know at the time is that his remark would soon describe nearly the […]
04May

The End of Flat Power Demand: Electrification, Big Data and Crypto

A new energy era is here. The shale gas glut and years of flat power demand have come to an abrupt end. Those two constants of the past decade have been replaced by soaring gas prices and the return of rising power demand driven by the data revolution and electrification. Natural gas prices are four […]
20Apr

Price Spikes and Renewed Urgency to Maintain Fuel Optionality

On Monday, U.S. natural gas prices surged above $8 per million British thermal units, four times what they were before the pandemic, and a level not seen since 2008. With energy-driven inflation front-of-mind for voters and a deepening risk to the economy, the arrival of a painfully expensive new natural gas normal is only heightening […]
13Apr

The Consequence of Policy Conceived and Executed in a Vacuum

It would be difficult to find a country untouched by the global energy crisis. Here in the U.S. inflation has reached four-decade highs, driven in large part by skyrocketing energy prices. But some are managing it better than others, with the UK serving as a stark example of energy policy malpractice. The Brits have had […]
05Apr

Innovation as a Path Forward on Energy and Climate Includes all Fuels

Just when you think the global energy crisis has reached rock bottom, it seems to find new depths. March will go down in the record books as the most expensive month for power prices in European history. And while the acute nature of the current pain stems from Russia’s weaponization of its energy resources, it’s […]
16Mar

EPA is Determined to Accelerate the Electricity Affordability Crisis

The energy crisis emanating from Europe is a wakeup call for policymakers about the importance of energy security and the delicate balancing act required by the energy transition. Europe’s energy policy missteps are now proving an invaluable example of a path best avoided. Overreliance on Russian energy, lack of dispatchable fuel diversity and a rushed […]
09Mar

Fight Back with American Energy

Just a week ago, sanctioning Russian energy seemed out of reach. Not anymore. On Tuesday, President Biden announced a ban on imports of Russian oil, natural gas and coal to the U.S. The United Kingdom is phasing out Russian oil imports this year and moving to ban Russian gas. And the European Union – alarmingly […]
16Feb

Creating Our Own Energy Crisis

Perhaps the greatest challenge of the energy transition is timing the installation of the infrastructure and generating capacity required for our energy future in parallel with – or more quickly – than we are dismantling our current electricity mix and the affordability and reliability it underpins. Unfortunately, it’s a challenge policymakers either seem not to […]