Uncategorized

Utilities are complaining of price gouging and of unwarranted supply cancellations. The Federal Energy Regulatory Commission is reviewing gas and power markets for potential market manipulation.

Many Texans are still on edge after the massive power failures this winter, but there could potentially be more outages this summer, according to the Electric […]

BP Plc said Tuesday its gas trading unit had an “exceptional” first quarter, helping to drive profit well above pre-pandemic levels.  The London-based oil major doesn’t […]

Oncor is requesting a total $97.8 million rate hike from customers in cities across the state. It’s a sore subject for many just two months after […]

Vistra Corp., the state’s largest electricity generator, said the unusual winter storm led to $1.6 billion in losses, 23% higher than the upper end of an […]

$16 billion pricing ‘error’ won’t be corrected.  Former utility regulator Arthur D’Andrea, who resigned after he was caught on tape reassuring Wall Street investors that he […]

Vistra has gone as far as to warn the event may have slashed $1.3 billion in profit.  “There was a significant amount of wealth transfer from […]

“The ineptness and disregard for common-sense utility regulation in Texas makes my blood boil and keeps me up at night,” Katie Sieben, chairwoman of the Minnesota […]

The invoices represent more than their projected revenues for the entire year, the lawsuits said, claiming Citi Energy “improperly defaulted” them and is poised to foreclose […]

Liberty Power, an electricity retailer that serves customers in about a dozen states, fired all its employees after suffering deep losses in the Texas freeze.

ERCOT justifies this high transient price on the basis that high prices will incentivize power generators to invest in new plants, or at least crank up […]

There’s little doubt that Texas consumers will be paying bigger energy bills in the future.

Unfortunately, the power generators and their lobby appear to be employing the same strategic approach this time, testifying most recently in a hearing last week that […]

“The politicians are motivated by who gets them elected, and if you look at who gets them elected, it’s oil and gas,” said Peter Cramton, an […]

In its lawsuit, Mariah said Citigroup’s $100 million demand is based on the $9,000-per-megawatt price that was imposed on the market by Texas regulators in an […]

Perhaps unsurprisingly, the finger-pointing began immediately. Many seem eager to blame one energy resource or another, while others are taking aim at insufficient infrastructure investments. The […]

The $9,000/MWh shortage price is claimed to be a long- and short-term incentive for generators to be installed in sufficient numbers and with sufficient reliability to […]

“This summer, I am as worried right now [about the grid] as I was coming into this winter,” said Curt Morgan, CEO of Vistra Corp., an […]

“There are currently about 32,000 megawatts of outages on the system, maintenance outages,” he later said,” and that’s not an abnormal number for this time of […]

The market is designed to operate with thin reserve margins. Unless lawmakers intervene to change that, weather will continue to beget volatility and chaos, said Katie […]