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California is introducing the first-ever graduated tax on electricity bills. Traditionally, utility bills are based on the user’s consumption. If you use twice as much electricity as your neighbor, you pay twice as much. But last year, California’s legislature passed a law that adds a de facto income tax to the state’s electric bills. Based […]
It is anticipated that President Biden’s Environmental Protection Agency (EPA) will soon release new and expanded regulations that will result in coal’s demise. EPA is expected to release six new rules covering everything from carbon to coal ash, which are expected to trigger new coal plant retirements as the cost of keeping coal plants operational with the […]
Over a dozen battery storage projects that were meant to support intermittent renewable energy supplies have been postponed, canceled or renegotiated due to labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry. The delays, ranging from several months to a year, are in a number of states including California, Hawaii and […]
Americans can expect higher energy prices as U.S. electric utilities plan their biggest spending increases in decades to upgrade electric grids, preparing for increased demand from electric vehicles and making the transition to renewable energy. Utilities plan to spend tens of billions of dollars in the coming years to reduce carbon dioxide emissions, partly in […]
According to RBC’s Head of Global Commodity Strategy, Helima Croft (subscription required), “Joe Biden’s energy agenda would likely be pragmatic, by Democratic Party standards, with no wholesale assault on the traditional fossil fuel sector.” She notes that a Biden presidency would be a sharp departure from the Trump presidency on energy policy, but the shift away from fossil […]
President Obama and the leaders of nearly 200 countries are meeting in Paris to discuss an agreement on climate change. Despite the president’s focus on climate policy, three recent polls show the public isn’t especially concerned about climate change and that any concern they do have is waning. Recent polls by GlobeScan, Langer Research Associates, […]