2023-01-30 11:20:00
U.S. ELECTRICITY PRICES UP
By SANDY LAWRENCE retired MD I write and lecture on energy, climate, grid, and epidemiology
ENERGYCENTRAL - UtilityDive: "Electricity prices surged 14.3% in 2022, double overall inflation" Consumer Price Increase data released Jan. 12 by the U.S. Bureau of Labor Statistics indicate consumers paid 14.3% more yr over yr, compared to overall 6.5% rise in prices. It reached 15.07¢ per kilowatt-hr, + is projected to reach 15.45¢ per kWh this yr + add another penny in 2024. "Year-over-year price inflation for electricity peaked at 15.8% in August, according to the BLS." And energy costs are regressive, hitting low-income consumers harder than the affluent. The Inflation Reduction Act is expected to help fund energy efficiency improvements, but it is still heavily tax incentive-focused + of no help to renters + the poor. "More than 20 million families, or about one of six in the U.S., were behind on their utility bills as of Nov. 7, according to NEADA, which represents the state directors of the federal government’s Low Income Home Energy Assistance Program." The average amount owed up to about $788. Coming on to help stabilize generation are renewables such as wind + solar — main contributors to growth in U.S. electricity, projected to rise to 24% this yr + 26% in 2024. The U.S. Energy Information Administration argues that concurrently natural gas will be reduced to 37% of the mix by 2024 + coal down to 17%. The faster we get away from fossil fuels the better. #electricitygeneration #climatechange
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Earlier:
2023, January, 27, 10:05:00
U.S. ACCELERATE BIOFUEL
The U.S. Department of Energy (DOE) today announced $118 million in funding for 17 projects to accelerate the production of sustainable biofuels for America’s transportation and manufacturing needs.
2023, January, 23, 12:20:00
U.S. CLEAN ENERGY PROGRAMS $9 BLN
DOE also released an RFI seeking input on nearly $9 billion for the Home Energy Rebate Program, funded by President Biden’s Inflation Reduction Act that will provide record breaking funding to help Americans cut energy costs in their homes through energy efficiency and electrification of home appliances and equipment.
2022, December, 14, 12:40:00
U.S. CARBON DIOXIDE REMOVING $3.7 BLN
The programs, funded with $3.7 billion from President Biden’s Bipartisan Infrastructure Law, will help accelerate private-sector investment, spur advancements in monitoring and reporting practices for carbon management technologies, and provide grants to state and local governments to procure and use products developed from captured carbon emissions.
2022, November, 23, 10:15:00
U.S. CLEAN NUCLEAR INVESTMENT $6 BLN
As the nation’s largest source of carbon-free power, America’s current fleet of nuclear reactors is a vital resource for achieving the President’s goal of 100% clean electricity by 2035 and a net-zero emissions economy by 2050.
2022, November, 21, 10:55:00
U.S. ELECTRIC GRID INVESTMENT $13 BLN
Independent estimates indicate that the U.S. needs to expand electricity transmission systems by 60% by 2030 and may need to triple current capacity by 2050 to accommodate the country’s rapidly increasing supply of cheaper, cleaner energy and meet increasing power demand for electric vehicles and electric home heating and reduce power outages from severe weather.
2022, November, 1, 16:30:00
U.S. CLEAN ENERGY INVESTMENT $39 MLN
The selected projects, led by universities, national laboratories, and the private sector aim to develop commercially scalable technologies that will enable greater domestic supplies of copper, nickel, lithium, cobalt, rare earth elements, and other critical elements.
2022, October, 11, 17:15:00
U.S. CO2 TRANSPORTATION INVESTMENT $2 BLN
The U.S. Department of Energy (DOE) began accepting letters of interest from applicants for loans under a new $2.1 billion Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) program.
