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Direct Links to the Week's Top Stories in Energy

By Direct Energy Business

From PJM Interconnection's capacity auction to Donald Trump's first major energy speech, it has been a busy week across the industry. 

We've tracked down and rounded up links to some of the week's top energy stories.  

Utility Dive: PJM Capacity Auction Prices Drop 39%

Following its annual capacity auction, PJM Interconnection announced that power plants and other grid resources in Pennsylvania will receive $100/megawatt (MW) a day for each MW they produce on any given day between June 2019 to May 2020. That's a sharp decline from the clearing price of $164.77/MW-day set by last year's auction. Analysts believe the lower prices were largely driven by energy efficiency and low natural gas prices. 

New York Times: Donald Trump Lays Out Energy Positions

Yesterday, presumptive Republican nominee Donald Trump traveled to North Dakota where he outlined his positions on a number of hot-button energy issues. In his address, he called for expanded oil and natural gas drilling, the construction of the Keystone XL pipeline, fewer environmental regulations and vowed to withdraw U.S. participation in the landmark Paris climate agreement.

Wall Street Journal: Natural Gas Falls to One-Month Low

Last week, the U.S. Energy Information Administration (EIA) reported that natural gas in storage grew by 71 billion cubic feet (bcf), compared to the 68 bcf expected by a number of forecasters. Based on the report, futures for June delivery settled down 2.9 cents (1.5 percent) at $1.963 a million British thermal units (mmBtu). 

Centrica: Jorge Pikunic Speaks at the United Nations

Jorge Pikunic – Managing Director of our parent company, Centrica – recently discussed 'the internet of things' and distributed energy at the World Summit on Innovation & Entrepreneurship at the United Nations.

EIA: Germany's Renewable Electricity Generation Grew 31% in 2015

Renewable electricity generation in Germany increased to 194 billion kilowatt hours (kWh) in 2015, representing 31 percent of the nation's overall power generation. Growth in renewable generation hit 19 percent (or 32 billion kWh) last year, which was the largest real and percentage increase in the past decade.

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Posted: May 27, 2016

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