Category: Electric Power Demand

Posted on

TVA Will Improve Its Power Grid By $15 Billion Over Next 3-Years

TVA-Power-Grid

TVA’s load growth demand forecasted is expecting over a 30% increase in power demand within the next decade. Like other utilities trending away from fossil fuel power generation due to stringent carbon emission regulations, TVA is retiring their coal-powered plants and replacing with cleaner energy generation and renewable resources.

The trend of moving away from older fossil fuel technology to cleaner generation systems is very costly. TVA recognizes this and has approved moving forward with capital expenditures of $15 billion that it will invest over the next 3 years by performing system reliability upgrades and transition into cleaner energy supply.

(Continue Reading at TVA.com…)

Posted on

Pennsylvania Is Moving from Coal Power to Renewables

New-Solar-Power

As coal power and other fossil fuels continue to decline as the nation’s leading power generation source, more power utilities are increasing renewable energy sources such as solar power.

Pennsylvania is replacing their planned fossil fuel generation retirements with clean solar power. The state is helping promote more jobs and job transitions for the green switch from traditional carbon emission type power generation into renewable energy resources.

(Continue Reading at Powermag.com…)

Posted on

Power Plant Retirements Are Affecting Grid Reliability!

Grid-Reliability
Photo from Utility Dive / Sean Gallup / Getty Images

With the increases in power generation retirements in both coal powered and nuclear energy plants, presents major reliability concerns to the electric infrastructure. There is over “83 GW of fossil fuel and nuclear generation” in planned retirements over the next decade that could wreak havoc on the nations power system.

NERC indicated in their “Long-Term Reliability Assessment” that this “creates blackout risks for most of the United States.”

(Continue Reading at Utility Dive…)

Posted on

Memphis Light Gas & Water Rejects 20-Year TVA Power Contract

MLGW

By Local Memphis News:

The Memphis Light Gas & Water (MLGW) board decided to reject the long-term agreement with power supplier TVA. “The deal – if approved – would have included a 3.1% base rate decrease, but a TVA spokesperson said since the deal was rejected, the company is committed to holding rates steady for the next decade, following the past four years of no rate increases.

‘We are just so excited that we broke through on this issue,’ Protect Our Aquifer Executive Director Sarah Houston added. ‘We have been adamant for months that TVA’s never-ending contract is a bad deal for Memphis.’ “

Continue Reading…

Posted on

FERC Tightens Regulations for Inverter Based Resources

FERC-Regulatory

By Renewable Energy World:

The Federal Energy Regulatory Commission (FERC) issued “new mandatory standards for inverter-based resources (IBRs) in an effort to enhance the reliability of the bulk electric system. IBRs are solar photovoltaic, wind, fuel cell and battery storage resources that use power electronic devices to change direct current power to alternating current power, to be transmitted on the bulk-power system.

In its November 17 action orders, FERC focused on three IBR-relateded actions:

  • An order directing the North American Electric Reliability Corp. (NERC) to develop a plan to register the entities that own and operate IBRs;
  • A Notice of Proposed Rulemaking to direct NERC to develop reliability standards for IBRs that cover data sharing, model validation, planning and operational studies, and performance requirements; and
  • An order approving reliability standards that are related to IBRs, which NERC proposed earlier in 2022.”

Continue Reading…

Posted on

Higher Electricity Prices Estimated for this Winter Season

Winter-Peak-Power-Demand

By UtilityDive:

The New York Independent System Operator (NYISO) reported that “the grid operator’s extreme winter weather scenario shows that peak demand could increase to as much as 26,086 MW, higher than its previous all-time winter peak.

NYISO repeated its earlier warning that it expects a sharp rise in wholesale electricity prices, and in consumer bills, this winter due to lingering impacts of the pandemic and Russia’s invasion of Ukraine.

The U.S. Energy Information Administration projected that the price of natural gas delivered to electric generators would average $8.81/MMBtu this summer, up from $3.93/MMBtu in 2021.”

Continue Reading…