Tag

Electricity Rates

All articles tagged with #electricity rates

state-politics1 month ago•6 min saved

New York eyes year-long pause on giant data centers

The New York Legislature appears poised to pass a one-year moratorium on new large-scale data centers (over 20 MW), halting DEC permits while regulators develop guardrails and rate protections. If Gov. Hochul signs, New York could become the first state with a statewide data-center ban. The bill, S10642/A11560, would give time to craft energy rules to protect the grid and ratepayers, and includes a new rate, energy efficiency mandates, renewable requirements, and labor standards. Opponents from tech and business groups warn the measure could stunt economic development; lawmakers plan votes this week before leaving Albany, with Hochul's stance still under review.

via Politico|

#data-centers #electricity-rates #energy-policy

politics4 months ago•12 min saved

Georgia's Utility Board Upset Signals a National Playbook on Energy Prices

Democrats Alicia Johnson and Peter Hubbard won Georgia's Public Service Commission in a historic upset, flipping two of five seats from Republicans and showing how rising electric bills can drive turnout and fundraising in a normally low-profile regulatory race. Backed by national groups and a targeted get-out-the-vote push, the campaign framed ratepayer protections against the backdrop of soaring energy costs, data-center growth, and a costly grid expansion. The result is being watched as a potential blueprint for other states with elected utility regulators, though Georgia’s commission remains in the minority and replication may take time.

via Politico|

#electricity-rates #energy-affordability #georgia

energy9 months ago•6 min saved

Rising Energy Costs Driven by AI Data Centers and Cloud Expansion

Rising electricity demand from AI data centers can temporarily increase retail energy prices due to capacity strain and infrastructure costs, but in the medium term, they may help lower rates by spreading fixed costs over more consumption and encouraging demand management. Effective policies and incentives are crucial to ensure that the benefits outweigh the costs for consumers.

via Energy Institute Blog|

#ai-demand #data-centers #electricity-rates

business11 months ago•2 min saved

The Growing Impact of AI on Energy Consumption and Power Infrastructure

Big Tech companies like Amazon, Google, and Microsoft are significantly transforming the U.S. power grid by building data centers and expanding into energy, which could lead to higher electricity rates for consumers and small businesses as their demand for power increases, blurring the lines between energy consumers and producers.

via The New York Times|

#business #data-centers #electricity-rates

local-news1 year ago•6 min saved

NJ Lawmakers and Residents Seek Solutions to 20% Electric Bill Hike

New Jersey residents will see a significant increase in electricity bills starting Sunday, with rates rising over 20% due to market pressures and insufficient local energy generation, prompting government and utility efforts to mitigate costs and promote energy efficiency.

via Gothamist|

#electricity-rates #energy-costs #local-news

energy2 years ago•1 min saved

"CPUC's Proposal: Changing California Power Bills for Lowered Costs"

The California Public Utilities Commission is considering a proposal to reduce electricity rates for customers across the state, with most customers paying a flat charge of about $24 and seeing a decrease in electricity rates by five to seven cents per kilowatt hour. The new billing structure aims to distribute fixed costs more evenly among customers and encourage conservation, particularly among low-income customers. Reactions to the proposal are mixed, with some expressing cautious optimism while others anticipate ongoing affordability issues. If adopted, the changes would be implemented by late next year.

via FOX 5 San Diego|

#affordability #california #electricity-rates

energy2 years ago•6 min saved

"Unraveling Duke Energy's Surging Bills: Attorney General Appeals Rate Hike"

Duke Energy customers in North Carolina are experiencing higher bills due to new rates approved by the North Carolina Utilities Commission, with electric rates set to increase over the next few years. Duke Energy attributes the increase to investments in infrastructure, clean energy transition, and storm costs. The Summary of Rider Adjustments on bills reflects various fees related to energy generation and distribution, and Duke Energy acknowledges the need for better communication and customer education regarding bill changes. Customers have expressed concerns about the lack of energy company options in North Carolina.

via WBTV|

#customer-bills #duke-energy #electricity-rates

politics2 years ago•6 min saved

"California Lawmakers Push to Halt Proposed Income-Based Electricity Rates"

Democratic lawmakers in California are seeking to reverse a rule that mandates major utility companies to set electricity and gas rates based on customer income rather than energy use, a rule they helped pass in 2022. The legislation, part of a budget trailer bill, has faced criticism for lack of public discussion. Lawmakers representing coastal districts have filed a bill to repeal parts of the rule, citing concerns about increased costs and privacy issues. The California Public Utilities Commission is still analyzing rate design proposals, with potential impacts of up to $125 a month for some customers. The move is seen as critical for California's climate goals, but there are concerns about its impact on low-income communities.

via KCRA Sacramento|

#california #democratic-lawmakers #electricity-rates

energy2 years ago•2 min saved

"New Jersey Revives Offshore Wind with Double Project Approval"

New Jersey is moving forward with new offshore wind projects after Ørsted's major developments failed in 2023. The state's utility regulators approved contracts for two projects, aiming to revitalize offshore wind dreams and supply electricity to 1.8 million homes. The new contracts include provisions to mitigate future cancellation risks and account for inflationary pressures, but are expected to increase utility rates in the state. Despite the setbacks, Democratic New Jersey Gov. Phil Murphy remains optimistic about the future of offshore wind in the state and its contribution to a 100% clean energy economy by 2035.

via Daily Caller|

#electricity-rates #energy #new-jersey

energy2 years ago•2 min saved

Eversource's Proposed Rate Cut in New Hampshire Linked to Global Natural Gas Impact

Eversource, a utility company in New Hampshire, is proposing a significant rate cut for electricity supply starting in February. The price of generating electricity has decreased, leading to a proposed drop in supply rates from 12.58 cents to 8.29 cents per kilowatt hour. If approved by the state's Public Utilities Commission, this would result in a 35% decrease in overall electric bills for customers. Eversource attributes the rate cut to the stabilization of the natural gas market, as New England heavily relies on natural gas for electricity generation.

via WMUR Manchester|

#electricity-rates #energy #eversource

energy2 years ago•4 min saved

Michigan Utility Regulators Approve $368M Rate Hike for DTE Energy Customers

The Michigan Public Service Commission has approved a $368 million electric rate increase for DTE Energy customers, which is about 60% of what the utility initially requested. The increase will cost the average residential customer about $6.51 more per month on their electricity bill. DTE argued that the impact to customers' bills will be offset by other recent cost savings realized by the company. The rate hike is aimed at improving grid reliability and reducing outages in the state. The approved rates will be effective from December 15 for DTE's 2.3 million electricity customers in southeast Michigan and the Thumb area.

via Detroit News|

#dte-energy #electricity-rates #energy

energy2 years ago•1 min saved

RI regulators greenlight winter electric rate hike

Rhode Island's Public Utilities Commission (PUC) has approved an electric rate hike for the winter, resulting in an average increase of over 24% in monthly utility bills for residential households. The new rate of 17.74 cents per kilowatt hour is higher than the summer rate but slightly lower than last winter's rate. PUC Chairman Ron Gerwatowski expects such increases to be typical in the next few years. To offset the higher costs, the state will suspend the gross earning tax and provide $3 million in relief for low-income customers. Governor Dan McKee also announced additional measures to lower costs for residents.

via WPRI.com|

#electricity-rates #energy #rate-hike

energy2 years ago•2 min saved

"Texas Heatwave Sends Electricity Rates Soaring"

Electricity rates in Texas have surged as the state experiences a heat wave, with demand for electricity reaching record levels. Prices rose from $275 per megawatt-hour on Saturday to $2,500 per megawatt-hour on Sunday, according to data from the Electric Reliability Council of Texas (ERCOT). The grid operator has issued a weather watch for higher temperatures, warning of heavier demand on the electrical grid. Texas relies heavily on natural gas for power, but solar power generation has increased significantly in recent years. The state's grid is not connected to the rest of the country, limiting options for importing power during shortages or failures.

via CBS News|

#electricity-rates #energy #energy-demand

business3 years ago•1 min saved

Summer Electric Rate Hikes Hit Consumers Across the US

Consumers Energy and DTE have increased their electricity rates during peak hours of the day, with Consumers increasing its price per kWh by 1.5 times during weekdays from 2-7 p.m. and DTE increasing its price per kWh from 16.75 cents to 20.98 cents during weekdays from 3-7 p.m. This is the first summer that DTE has implemented peak hour pricing, following the Michigan Public Service Commission's order to implement time-based pricing.

via MLive.com|

#business #consumers-energy #dte

business3 years ago•3 min saved

Summer 2021 brings higher electricity rates for many US households.

AEP Ohio's nearly 30% rate increase on bills for a major portion of its customers has gone into effect. The increase comes after the latest competitive auction for electricity generation on March 7. The price increase will affect any AEP Ohio customer who is using the Standard Service Offer (SSO). Customers can choose who generates their electricity rather than accept the SSO price. AEP Ohio also offers assistance like payment extensions and different monthly payment plans for customers struggling with higher bills.

via NBC4 WCMH-TV|

#aep-ohio #business #electricity-rates