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ISO-NE Announces 18th Annual Capacity Auction Results

ISO New England Inc. (“ISO-NE”) announced the results of the 18th Forward Capacity Auction on February 9, 2024. The auction included 31,556 megawatts (“MW”) of commitments, including 1,085 MW of new renewable capacity and 5,540 MW of new and existing renewable capacity. The preliminary closing price for the 2027/2028 commitment period was $3.58 per kilowatt-month.…

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60th RGGI auction clears

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…

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First Small Modular Reactor Design Certified

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…

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Natural Gas Consumption by US Power Generators Declines

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…

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