Energy Exchange

Data reveals real-time electricity pricing would help nearly all ComEd customers save money

By Dick Munson / Published: November 14, 2017

Over the past few years, Illinois has taken great strides to not only modernize its electric grid, but also to provide people and businesses with access to energy data.

In February, the Illinois Commerce Commission (ICC) approved the release of anonymous, aggregate energy-use data on a large scale, broken out in half-hour increments, 24 hours a day. Sensing an opportunity to unlock innovation, Environmental Defense Fund (EDF) and the Citizens Utility Board (CUB), Illinois’ utility watchdog, dove into that treasure trove of granular data.

Specifically, we wanted to see how the customers of Illinois’ largest electric utility, ComEd, would have fared under a “real-time pricing” program in which power prices change hourly. Anonymous data from over 300,000 homes revealed several interesting tidbits that we’re sharing in our new whitepaper, The Costs and Benefits of Real-Time Pricing.

Most importantly, the study shows that real-time prices would have saved 97 percent of customers money in 2016 – even if the customers made no changes to how they use electricity. Read More »

Also posted in Clean Energy, Electricity Pricing, Illinois / Read 1 Response

We already know which grid fixes can keep lights on during bad storms. Here are 3.

By Ronny Sandoval / Published: November 2, 2017

After a record-breaking hurricane season and catastrophic wildfires in California, the vulnerabilities of our electric system – and the urgent need to upgrade it – have never been clearer.

It took more than 10 days of around-the-clock work to restore electricity to 350,000 customers after fires struck California wine country last month. Returning service to all 4.4 million power customers in Florida after Hurricane Irma took almost as long – and 70 percent of Puerto Ricans still lack power six weeks after Hurricane Maria.

Such crippling outages contribute to $250 billion in economic losses globally every year.

But there are solutions available on the market today that can reduce the impact of these outages. By investing in technologies that modernize our electric grid, and with careful planning, we can also create a cleaner and more efficient electricity system overall. Read More »

Also posted in Clean Energy, Grid Modernization, Renewable Energy, Voltage Optimization / Tagged , | Comments are closed

Methane momentum builds, time for Canada to follow through with strong action

By Drew Nelson / Published: October 27, 2017

The call to reduce oil and gas methane emissions landed a one-two punch this week that should provide Canada all the motivation it needs to get ahead of this global trend and prepare its energy industry for the future.

First, the International Energy Agency’s (IEA) World Energy Outlook analysis stated the future of the natural gas industry will depend on “industry demonstrating credibly that methane emissions from oil and gas operations are being minimised.” IEA reports as much as 76 million metric tons of methane is emitted around the world each year from both oil and gas facilities. For customers and companies, that’s $34 billion dollars of lost product and profit. There are also significant health and air quality benefits to reducing these emissions as hazardous air pollutants and smog-inducing toxins are removed when companies control methane pollution.

IEA also highlighted that a 75 percent reduction of those emissions is possible today using existing technologies. To put that in context, a reduction on that order would have the same short term climate impact as removing all the vehicles in the world from the road. For all of us, it’s one of the quickest and most affordable opportunities to slow climate change. Read More »

Also posted in Methane, Natural Gas / Tagged , , | Comments are closed

Three reasons Westerners are fighting to defend federal methane waste standards

By Jon Goldstein / Published: October 24, 2017

Westerners are a hardy bunch. They are used to working through adverse conditions and making the best of what the land provides. That includes fighting to defend requirements from the U.S. Bureau of Land Management that are designed to cut wasted natural gas and maximize revenue for community projects. This is despite repeated attempts from the Trump Administration to undercut these regulations and sell taxpayers short.

Here are three reasons communities and individuals from across the Mountain West are fighting to defend methane waste rules:

  1. Westerners hate waste: $1.8 billion and counting. That’s the value of taxpayer-owned natural gas that has been wasted since 2013 when the BLM began developing a new set of standards to address this problem. The rules finalized last November would help cut that waste and recover millions more in tax and royalty revenues for the western communities faced with impacts from oil and gas development that need it most.

Read More »

Also posted in BLM Methane, Methane, Natural Gas / Comments are closed

Stopping the self-deal: Preventing pipeline investors from offloading risk on ratepayers

By Natalie Karas / Published: October 4, 2017

A recent report published by Oil Change International highlights the failure of regulators to protect ratepayers against utility affiliate-backed contracts for new pipeline capacity -in other words, when a regulated utility acts as both the developer and customer for a new pipeline.  It’s a widespread and growing issue. Case in point: Con Ed’s investment in the proposed Mountain Valley Pipeline in West Virginia and Virginia, hundreds of miles from Con Ed’s New York service territory.

Con Ed claims that signing up for transportation service on the pipeline will result in cost savings for customers. But the day Con Ed signed up as a pipeline customer, the company also formed a new “midstream” entity to invest in the pipeline. The new unregulated entity shares the same corporate parent as the regulated utility, but operates under significantly different rules and legal obligations. This transactional structure means that Con Ed’s ratepayers would be  on the hook for paying for the project, while Con Ed’s midstream arm will enjoy a return in excess of risk. From the company standpoint, it’s heads-I-win, tails-you-lose. Read More »

Also posted in Gas to Clean, Natural Gas / Comments are closed

In tackling methane, Exxon signals commitment to maximize opportunity for New Mexico

By Jon Goldstein / Published: October 2, 2017

An announcement last week from one of the country’s largest natural gas producers may have a major positive impact on revenue and clean air in New Mexico. XTO Energy, a subsidiary of ExxonMobil that made a $6 billion investment in acreage in New Mexico’s Permian Basin earlier this year, has now announced a set of commitments to “continually reduce methane emissions” from its production and midstream operations nationwide.

In making the announcement, XTO CEO Sara Ortwein made special note of the methane actions’ impact in the Permian, stating, “In particular, we’re looking forward to applying this approach to our planned expansion in the Permian Basin in New Mexico and West Texas.”

The XTO methane mitigation commitment includes a plan to find and fix methane leaks through inspections using technologies at both existing and new facilities. Further, building on a successful technology pilot project in the nearby Midland Basin, XTO will also focus on emission prevention, moving toward the use of new, less polluting devices for tank batteries and other facilities. Read More »

Also posted in Air Quality, Methane, Natural Gas / Comments are closed