New Study Details $15 Billion in Consumer Savings From Competitive Electricity Markets
WASHINGTON, July 12
/PRNewswire/ -- COMPETE, a national coalition promoting the public interest benefits of competitive electricity markets, today hailed the release of a new study quantifying over $15 billion in consumer
savings from 1999-2003 stemming from wholesale electric market competition, compared to what they would have realized under the traditional regulated utility environment without competition.
Read More:
http://www.coned.com/about/about.asp?pr=200506143
Not a shocker: Hot New Yorkers break electricity record
New Yorkers coping with the summer heat broke the region's record for electricity usage on Tuesday, the Consolidated Edison power company announced.
By
4 p.m. customers in New York City and Westchester County had hit an all-time peak, consuming 12,361 megawatts, enough electricity to simultaneously power 12.36 million homes.
Statewide, power customers
also outdid themselves — using 31,741 megawatts, enough electricity to power nearly 32 million homes, according to the New York Independent System Operator organization, which operates the state's power grid.
Read More: http://www.nydailynews.com/front/breaking_news/story/329575p-281671c.htm
Con Edison reports record energy usage
Consolidated Edison said it provided a record 12,250 megawatts of electricity on Tuesday amid intense heat and humidity.
There were no significant power outages as temperatures in New York City topped 90, with a heat index in the 100s. Demand pushed the wholesale price of power deliverable on Wednesday to $182.25 a
megawatt hour by 3 p.m. Tuesday.
The earlier record of 12,207 megawatts was set on Aug. 9, 2001. A megawatt provides electricity to about 1,000 homes.
Read More:
http://www.newyorkbusiness.com/news.cms?id=11200
LIPA Sets New Summer-Demand Record 5214 Megawatts of Electricity Delivered
Conservation Urged to Help Meet Demand
Uniondale, NY—July 19, 2005—
The Long Island Power Authority (LIPA) Chairman Richard M. Kessel announced that a new peak summer-demand record was set today when 5214 megawatts (MW) of electricity were delivered during the hour ending at 4 p.m.
The previous record of 5,059 MW was set on July 22, 2002, on the second full day of a three-day heat wave.
New England's Electricity Use Sets New All-Time Record
HOLYOKE, Mass.--(BUSINESS WIRE)--July 19, 2005--New England's electricity use reached an all-time high today, but the power system operated under normal conditions,
according to ISO New England Inc., the operator of the region's bulk power system and wholesale electricity markets. Preliminary data collected by the ISO shows that electricity use reached 26,749 megawatts
(MW), eclipsing the previously established record of 25,348 MW set on August 14, 2002. "The combination of heat and humidity drove New England's electricity use to new levels today,"
said Stephen G. Whitley, ISO New England's Senior Vice President and Chief Operating Officer.
Read More:
http://home.businesswire.com/portal/site/projo/index.jsp?epi-content=GENERIC&newsId=200507190
06134&ndmHsc=v2*A1121252400000*B1121873935000*DgroupByDate*I1016261*J2*N1000126&new sLang=en&beanID=1670938466&viewID=news_view
With heat, humidity, Conn. breaks electricity record
July 19, 2005, 6:21 PM EDT
BERLIN, Conn. -- Electricity use in Connecticut broke a record on Tuesday as customers of Connecticut Light & Power turned on their air conditioners to counter
oppressive heat and humidity.
At about 3 p.m., electricity use in Connecticut peaked at about 7,065 megawatts, exceeding the previous record of 7,011 megawatts set on July 8, 2003, the Berlin-based
utility said.
Read More: http://www.newsday.com/news/local/wire/connecticut/ny-bc-ct-brf--electricityde0719jul19,0,5635064. story?coll=ny-region-apconnecticut
RG&E Customers Break Another Record
Click here for the full story
CON EDISON SYSTEM HITS NEW PEAK
IN ENERGY USAGE FOR JUNE
Approaches All-Time Record
NEW YORK - Con Edison hit a new peak in electricity demand for the month of June today and also recorded the company's second-highest peak ever. At 5 p.m. today, Con
Edison provided 12,139 megawatts in electrical power to its 3.1 million customers, setting a new record for June, which had been 11,875 megawatts set at 4 p.m. on June 26, 2003. That figure was also just
short of the all-time peak record of 12,207 megawatts set on Aug. 9, 2001 at 3 p.m.
Click here for the full story
High gas prices could be here to stay
By Sue Kirchhoff and James R. Healey, USA TODAY
No breaks are in the offing for motorists weary of high gasoline prices: The government now forecasts
an average gas price of $2.25 a gallon through September.
Click here for the full story
New Study Details $15 Billion in Consumer Savings From
Competitive Electricity Markets
WASHINGTON, July 12 /PRNewswire/ -- COMPETE, a national coalition promoting the public interest benefits of competitive electricity
markets, today hailed the release of a new study quantifying over $15 billion in consumer savings from 1999-2003 stemming from wholesale electric market competition, compared to what they would have realized
under the traditional regulated utility environment without competition.
Click here for the full story
NYISO RELEASES FINAL REPORT ON THE 2003 BLACKOUT
Review Confirms Findings of Interim Report and Recommends Improved Training and Communications.
Guilderland, N.Y. The New York Independent System Operator (NYISO) today released its Final Report on the August 14, 2003 Blackout. The Final Report reaffirmed the primary conclusions that were
published in the NYISOs interim report that New York did not initiate or contribute to the system disturbance.
Click here for the full story
Suburbs dial down, save cash
Communities, schools scale back services, look for energy alternatives as gas,
electricity prices rise.
Click here for the full story
FERC's Wood Sees Urgent Need for Electric Reliability Legislation
7/8/2005 Dulles, VA — An overriding concern on the energy front is the passage and implementation of legislation to ensure the reliability of the nation's electrical grid, departing Federal Energy Regulatory
Commission Chairman Pat Wood told NGI's Power Market Today.
Click here for the full story
Paying for Power
While it is important to ensure the New England states have enough
electricity to light homes and power factories, the region's utility customers shouldn't be forced to pay for new power plants that may never be built. A plan proposed by ISO-New England, the company that
coordinates the region's power supply, would require customers to pay up to $13 billion over five years as an incentive to encourage power companies to build new generating facilities in the region. If the
power plants aren't built, however, utility customers won't get their money back. This is the wrong way to solve a real problem.
Click here for the full story
FERC head looks to overhaul policies
WASHINGTON (MarketWatch) -- Taking the reins at the top U.S. energy
regulatory agency, Joseph Kelliher announced Monday he will seek to overhaul long-standing power transmission, natural gas storage, and generation policies over the next two years of his term.
Click here for the full story"Con Ed gets state approval for rate hike. The New York Public Service Commission approved a rate increase of $325 million over three years."
-Crain's New York, 3/16/05.
"The overall average cost of electricity in New York is second-highest in the country, after Hawaii's. Commercial users of electricity in New York pay an
average of 43% more than businesses elsewhere in the nation"
- from Business Council of New York State
Inc., newsletter, January 17th, 2005.
California faces power shortages
Transmission bottlenecks could also bring blackouts in Connecticut
Though California has added generating capacity since its power meltdown in
2001, transmission bottlenecks remain.
Click here for the full story
Cold Snap Results in Record Electricity Demand in New York
Supplies, however, remain sufficient, according to the New York Independent System Operator.
Guilderland, N.Y. Two days of
cold throughout New York has resulted in a winter record for consumer electricity demand.
Click here for the full story
