Showing posts with label changing market. Show all posts
Showing posts with label changing market. Show all posts

Wednesday, October 18, 2017

Who's in Charge of Energy Regulations in the U.S.?


Regulating the energy industry in America is not done by just one regulatory organization, but rather many different organizations that each focus on something specific. These organizations can either be created by federal law or be part of government agencies and provide varying levels of energy regulations. This article provides a brief introduction to the companies that oversee the energy regulations in the U.S. energy industry.

U.S. Department of Energy (DOE)

DOE was created in 1977 and has the broadest responsibilities in the energy regulations of power generation and electric suppliers and distribution at the federal level.

U.S. Nuclear Regulatory Commission (NRC)

The NRC was created by Congress in 1974. After the passing of the Energy Reorganization Act, NCR was to oversee the growing nuclear energy industry. The commission is led by five commissioners selected by the U.S. Senate and is in charge of regulating the creation of nuclear energy, as well as the use of nuclear materials. In addition to inspecting and licensing nuclear power plants and reactors, the commission also has the responsibility of regulating uranium mining and nuclear waste.

The Federal Energy Regulatory Commission (FERC)

After the Federal Power Act of 1920, FERC was created. This organization oversees the electricity, oil, and natural gas industries. Some additional responsibilities include:
  • Reviewing electricity project proposals
  • Inspecting public and private sector electricity plants
  • Providing licenses for electricity plants
  • Regulating interstate wholesale electricity agreements
  • Monitoring the electricity markets
  • Enforcing regulations

Office of Surface Mining Reclamation and Enforcement (OSMRE)

Surface coal and related environmental affairs are regulated by the OSMRE. In 1977, the Surface Control and Mining Act created the bureau. A prime duty of OSMRE includes working with Americans to confirm land and water quality after a mining project has been completed.

National Institute of Standards and Technology (NIST)

Founded more than 100 years ago, NIST promotes scientific innovation within areas including:
  • Nanotechnology
  • Computer Chips
  • Energy Production

Research is sponsored by the institute and it also recognizes achievements in areas it supports. It also focuses on sustainable energy development. Renewable energy sources are becoming increasingly available. In fact, about 10% of U.S. energy consumption was from renewable energy sources in 2015.

Bureau of Ocean Energy Management (BOEM)

With offices in California, Alaska, and Louisiana, BOEM's main focus is environmental protection. The agency's responsibilities include management of oil and gas leases, environmental reviews, as well as additional renewable energy projects.
Another key responsibility is managing marine energy exploration and mining in Alaska, the Pacific regions, and the Gulf of Mexico.

All of these organizations work together in ensuring that all organizations in the United States are following regulations and working towards keeping the country productive yet safe.

Thursday, August 3, 2017

There are 9.8 Million Green Jobs Around the World


9.8 million people were employed by the renewable energy industry during 2016 according to the Renewable Energy and Jobs – Annual Review 2017 report issued by the International Renewable Energy Agency (IRENA).

But not all types of renewable energy are growing at the same rate. Roughly 1.5 million sustainable energy jobs are in large hydropower plants, which did not see any significant growth over the last year. Instead, other renewable energy sources such as solar (3.1 million jobs) and wind (1.2 million jobs) grew considerably – doubling the number of jobs from four years ago.

The largest creation of these jobs was in Asia -- China saw a 3.4% improvement alone, now employing 3.64 million people. Africa also made great strides forward, with small scale developments proving particularly useful in helping to develop sustainable energy in regions that have never had the infrastructure for a utility provider before.
Domestically, the explosion is even more dramatic. Solar-energy jobs in the United States are growing faster than the United States economy.

According to another new report, published by the Environmental Defense Fund's (EDF) Climate Corps program, wind turbine technician is the fastest growing job in the country.
The same EDF report has fossil-fuel jobs in 2016 decreased 4.5% from 2015, as more and more people opt for green sources of energy. Solar energy use, for instance, replaces 75 million barrels of oil annually.

The two predominant causes of this surge are the increased affordability and a greater effort to create policies that removed barriers for green energy across the globe. The cost of producing solar panels, for instance, dropped 72% from 2010 to 2015. This has enabled a much higher amount of energy generated by solar means, growing from 876 megawatts in 2010 to 10,727.
One of the more interesting figures to come out of these surveys is that 70% green energy jobs are with companies that employ 10 or fewer people. The implication is that most energy efficiency companies tend to serve a more local client base.

But whether or not customers have access to greener technology is still largely determined by whether or not they live in one of the deregulated energy states. Those that do have a much broader choice of where they get their energy, and what types of renewable energy they would like to utilize. If they don't live in a state with energy deregulation, they likely have many fewer choices.
Still, it looks like all types of renewable energy jobs will continue to grow in the United States, with solar power being poised for the most growth.

Wednesday, July 5, 2017

What Happens to Solar Power During an Eclipse?

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On August 21st, 2017, the United States will see its first full solar eclipse in a generation. While solar eclipses are an exciting time for parents and small children, who experience them with wonder, they can also pose a number of difficulties.

Utility suppliers and anyone working at a green energy company in California are particularly inconvenienced by the eclipse. According to California's grid operator, the net demand for energy will rise by 6,000 megawatts as the solar output collapses -- that's roughly the equivalent to the power needs of Los Angeles. 

While renewable energy is growing in popularity in the United States -- with more than 13% of energy generation coming from renewable sources -- it will take time for utility suppliers to learn all of the subtle challenges inherent in every energy source.

For instance, hydropower can be susceptible to both drought and flooding, whereas oil is dependent on large economic costs and dangerous working conditions. 

While solar power is necessarily variable thanks to its dependence on clear skies, this total lack of energy generating ability comes at a high cost. According to the California Independent System Operator (CAISO), the amount of lost energy generation could amount to 70 megawatts per minute. 

There is also the challenge of the rapid decline and reintroduction of the solar light, which is significantly more than would naturally be experienced.

In order to compensate for the loss, energy providers are taking steps to prepare themselves. The first step is to set aside energy reserves to be used during the eclipse. The second is looking for ways to maximize the hydroelectric generation. 

One small blessing, according to Amber Motley, manager of CAISO, is the timing of the eclipse, which comes after a historically rainy winter season. 

Friday, June 30, 2017

3 Ways You Can Afford Solar Energy


Solar energy has long been considered one of the cleanest, least invasive form of sustainable energy available to us. Yet as of 2016, only 1% of energy produced by U.S. electric suppliers is generated by solar power. However, even that small percentage provides major benefits, including reducing the amount of carbon dioxide emissions by 35 million tons.
But if solar energy is such a great source of clean power, why don't more electric suppliers utilize it? Simple. The cost.

Solar energy can be expensive in the short term. In fact, that is the primary reason most homeowners choose traditional electric suppliers over this green energy option.
But the news isn't all bad. As more and more Americans realize the importance of renewable energy sources, solar and other forms of green energy are becoming much more accessible.
If you're considering investing in solar energy suppliers but are concerned about the cost, here are three different ways to make solar power more affordable.

Purchasing
Even though the prices of solar panels themselves are dropping like a rock, solar installation for a single home can cost tens of thousands of dollars. While the costs for solar paneling is restrictive for some homeowners, there are programs that help to make owning and installing your own solar panels more affordable. The largest is the Residential Renewable Energy Tax Credit, which offers a 30% rebate.

There are also a number of financing options that can help you spread the cost of owning your own solar panels out over the equipment's lifetime. Just like you make payments on your car loan or mortgage, these options let you invest in the future of green energy.

Leasing
If the upfront cost of installation is too high, you can consider leasing solar panels. While leasing does not qualify you for the same tax credit, it allows you to have access to clean, renewable energy at an affordable price.
Another perk of leasing your solar panels is that all maintenance is the responsibility of the company who is leasing you the panels. If you are uncomfortable with technology, and would prefer someone else maintain your equipment, this option might be for you.
This is a particularly attractive option for people who own several acres or more of unused property, which may be prime real estate for a solar array.

Solar Gardens
Solar Gardens are a popular option for groups of people who might not be able to afford solar on their own. In this co-op model, individual landowners, small towns, and municipalities pool their resources and invest in community-based solar harvesting equipment. An outgrowth of the cooperative culture, these gardens are especially effective for people who might not be able to afford their own solar panels, or who are prevented by trees or building limitations, like many renters and urban apartment dwellers.

Typically, a Solar Garden will work on a credit basis, meaning that the members of the solar garden will receive credits for their share the electricity produced at the garden, which will be deducted from their electric supplier bill.

Solar Energy is not as difficult to harvest as it has been in the past. And, hopefully, in the next decade we will see it become even more accessible to a wider range of people.
 

Monday, December 12, 2016

3 Reasons to Use Natural Gas Over Other Fossil Fuels

After a two-year high, natural gas prices have decreased to the lowest level since December of 2014.
"U.S. natural gas inventories remain historically elevated for this time of year, and will look to challenge the latest rise in prices going forward," said Robbie Fraser, a commodity analyst at Schneider Electric.

According to The Wall Street Journal, futures for January natural gas delivery decreased 3.2 cents (0.9%) to $3.603 per million British thermal units (BTU) on the New York Mercantile Exchange. At one point, trading was as high as $3.748 a million BTUs. "In the event that weather moderates and we get another period of normal to low-normal demand, then it’s going to quickly come back into focus," said Zane Curry, director of markets and research at Mobius Risk Group. Despite the market fluctuation, the benefits of natural gas and other renewable forms of energy are consistently positive.
What makes natural gas so attractive?
Affordability
Natural gas still costs much less than other forms of energy, and it often compares favorable to renewable energy sources. In fact, energy savings are a big part of the industry's recent success. That's why working with a reputable energy company can potentially save money in the long run, especially if they utilize alternative sources of fuel. Talk to an electricity provider and renewable energy company today if you want to learn more about alternative plans for power. Already, solar energy users save 75 million barrels of oil each year.
Better for the World
Another added benefit of natural gas is that it's so much more environmentally friendly than other fossil fuels. Although natural gas isn't as clean as wind power and other forms of renewable energy, it is the cleanest fossil fuel energy source. Natural gas also has fewer impurities, is much less complex chemically, and its combustion results in less pollution compared to other fossil fuels.
Produced in America
Wholly 97% of the domestically used natural gas was produced in North America. So along with the other added benefits of natural gas, the use of U.S.-based energy will reduce overall dependency on foreign oil sources. This can result in a better economy because more jobs are created due to high demand for natural gas. Roughly 35,000 jobs are created for every 1% of increased production.