New England's Heating Oil Crisis: Why Heat Pumps Are The Smart Switch
For several months, we have seen multiple news reports about the dramatic increase in gasoline and diesel prices...
For several months, we have seen multiple news reports about the dramatic increase in gasoline and diesel prices at the pump. If you drive a car on...
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For several months, we have seen multiple news reports about the dramatic increase in gasoline and diesel prices...
This summer, we’ve been tracking peak demand, peak temperatures, and prices with help from the data collected by ISO New England (ISO-NE), the grid operator for our region. We monitored energy trends on a daily basis to provide insights to our Shave the Peak subscribers.
In the Bay State, the legislature is grappling with the question of how much to spend on the efficiency program known as Mass Save. This blog is mostly about that debate and how it affects about 20 percent of the homes in Massachusetts heated by oil, but the basic point being made here applies equally to the other New England states: state energy efficiency programs are our best defense against the harsh and frequent vicissitudes that plague the oil market.
Data centers use a lot of power. So much power, in fact, that new data center load has increased electricity prices in PJM (a regional power grid operator that covers a territory from Delaware to Chicago) by tens of billions of dollars.
When an investor-owned utility, like National Grid or Eversource, builds an electric substation or makes some other infrastructure investment, it takes on debt to do so and then pays off that debt over time through revenue raised from ratepayers' bills. Before it is paid off, utilities use a mix of low-interest bonds and more expensive equity funding from their shareholders to finance their debt. This use of high-cost equity financing sends money to utility shareholders (which encourages people to invest in the utilities) but burdens ratepayers with higher bills.
After a several-month process, on Friday, August 21, the Rhode Island Public Utilities Commission (PUC) made several decisions in response to a rate increase request from Rhode Island Energy (RIE). This rate case was primarily about what RIE would charge for distributing electricity and gas (think poles, wires, and pipelines). It did not affect the supply of gas or electricity. Overall, the decisions are good for ratepayers and will support the Ocean State’s efforts to comply with the 2021 Act on Climate.
Some electric vehicle (EV) owners in Massachusetts with eligible vehicles will soon be able to receive compensation for plugging in their EVs and sending electricity back to the grid. The process of sending electricity back to the grid from your EV, also known as Vehicle-to-Grid (V2G), can help EV drivers earn extra money from their vehicles while reducing stress on the grid during peak energy demand days. This V2G opportunity will be administered through electric utility companies National Grid and Eversource through their ConnectedSolutions program.
The beginning of July marked record-breaking heat in Boston and Providence. These temperatures caused electricity demand to surge—known as peak demand events—as people ran their air conditioners to stay cool.
As the energy system evolves, we are working to ensure that no one is left behind. Emerging home energy technologies—like smart thermostats, window heat pumps, battery storage, plug-in solar, and induction stoves (descriptions below)—can help households lower energy bills, improve resilience, and support a cleaner, more affordable electric grid.
Maybe this will be the last year I have to write about this stuff (more below on why), but I want to report an offer I received from a competitive electricity supplier. First, some context. I live in Quincy, Massachusetts, so I am able to choose an electricity supply service from three options.