The Regional Greenhouse Gas Initiative (“RGGI”) announced the results of the 60th auction for carbon dioxide allowances on June 9, 2023. The auction included the sale of more than 22 million allowances at a clearing price of $12.73 per allowance. The clearing price represented an increase of 1.8% compared to the 59th auction held in…
The U.S. Nuclear Regulatory Commission certified the first small scale reactor design in the U.S. on January 20th. Created by NuScale, the design incorporates a module system that utilizes less water and is one-third the size of a traditional large-scale reactor. Each module is capable of producing 50 MW of electricity. The first module is…
Natural gas consumption by US electric power generators fell in 2021. The level of natural gas-fired generation declined resulting in consumption falling 3% compared to the 2020 level. The shift marks the first decline in natural gas consumption by the US power sector in over four years. According to the EIA, natural gas prices increased…
Data recently released by the EIA shows utility scale electric generator cost trends have shifted. The new data shows that costs for natural gas and onshore wind generators increased while solar decreased in 2020 compared to 2019. The shift marks the smallest gap between wind, solar, and natural gas generator costs in the US since…
