Energy
This Morning’s Electricity Price Spike Probably Wasn’t About Tariffs
But tariff-related price pain could still be coming for the Northeast and Upper Midwest.
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But tariff-related price pain could still be coming for the Northeast and Upper Midwest.
A new study from E3 shows big potential cost savings for utilities with smart chargers.
Widespread federal layoffs bring even more uncertainty to the DAC hubs program.
Three companies are joining forces to add at least a gigawatt of new generation by 2029. The question is whether they can actually do it.
Investors are betting on gas to meet the U.S.’s growing electricity demand. Turbine manufacturers, however, have other plans.
On greenhouse gas regulations, coal power, and contaminated drinking water
Current conditions: An electricity transmission line failure triggered a massive blackout in Chile • Six tropical storms are currently swirling in the Southern Hemisphere • The Santa Ana winds are returning to Southern California this week.
Environmental Protection Agency Administrator Lee Zeldin has reportedly been advising the Trump administration to repeal a landmark scientific finding that explicitly identified greenhouse gases as a public health threat. The 2009 “endangerment finding” gave the EPA the authority to regulate these gases. President Trump ordered the EPA to review the finding, but the agency has not publicly released any recommendations yet. According to The Washington Post, Zeldin has “privately urged the White House” to strike it down.
Power generators in the U.S. plan to retire 8.1 gigawatts of coal-fired capacity this year, according to the Energy Information Administration. That’s more than double the 4 GW retired last year but less than the 9.8 GW that have been taken offline each year over the last decade. Planned retirements across all sources for 2025 total about 12.3 GW, and coal power retirements account for the largest share at 66%, followed by natural gas at 21%. At the same time, the EIA expects 63 GW of new utility-scale power capacity to come online this year, 81% of which will be solar and battery storage.
EIA
EIA
The U.S. and Ukraine have reportedly reached a deal that would see Ukraine share some of the revenue from its state-owned natural resources – including oil, gas, and critical minerals – with the United States. Ukraine has large deposits of critical minerals and rare earth materials, some of which are essential in clean technologies including electric vehicles. President Trump previously said he wanted access to some of those materials. The terms of the new deal remain unclear, but a draft seen by some outlets suggests Ukraine would put 50% of future mineral proceeds into a newly established joint fund, up to $500 billion. Some of the money would be reinvested into the war-battered country, and “the United States would provide a long-term financial commitment to the development of a ‘stable and economically prosperous Ukraine,’” according toRetuers. However, there do not seem to be any clear security guarantees for Ukraine in the deal. The Financial Times also noted that it “leaves crucial questions such as the size of the U.S. stake in the fund and the terms of ‘joint ownership’ deals to be thrashed out in follow-up agreements.” Ukrainian President Volodymyr Zelensky reportedly plans to meet with Trump in Washington on Friday.
The nonprofit Environmental Working Group has published its newly updated tap water database, showing that millions of Americans are drinking water that contains “forever chemicals” (or PFAS) and other contaminants. EWG synthesized reports from 50,000 individual water systems across the country. In total, 563 utilities reported unsafe levels of forever chemicals. Almost all community water systems contained detectable levels of contaminants of some kind – from PFAS to heavy metals to radioactive substances. As Heatmap’s Jeva Lange reports, the Environmental Protection Agency is required to report drinking water data, but it’s never released a comprehensive database, and information can be hard to come by. “EWG is filling this need for people to have a national clearinghouse where they can easily access their drinking water data,” Tasha Stoiber, a senior scientist with EWG, told Lange.
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The UK needs to bring its emissions down by 87% compared to 1990 levels by 2040 if it is to remain on track for net zero by 2050, according to a new report from the Climate Change Committee, which is an independent climate adviser to the government. Sixty percent of those 2040 reductions will come from electrification – decarbonizing the grid, switching to EVs, and swapping out fossil fuel home systems with heat pumps, etc. The report noted that the UK has already cut its greenhouse gas emissions in half since 1990 by “expanding renewable power and phasing out coal in the electricity sector.” Going forward, surface transport alone will account for nearly 30% of emissions cuts, with three-quarters of cars and vans on the road in the UK expected to be electric by 2040.
A recent study found that in spring and summer, trees and other vegetation in Central Los Angeles can absorb up to 60% of the carbon dioxide that gets emitted during the daytime.
Rob and Jesse sort through their feelings after Trump's second first month in office.
Congress is still debating the fate of the Inflation Reduction Act, but the Trump administration has already torn up energy and climate policies across the federal government. It’s time to step back and try to take stock. How much damage has the Trump administration already done to decarbonization? What’s most worrying? What was going to happen anyway? And what might still be saved?
On this week’s episode of Shift Key, Rob and Jesse go agency by agency to understand the most important changes and try to understand the deeper agenda — including potential points of incoherence or disagreement. Shift Key is hosted by Jesse Jenkins, a professor of energy systems engineering at Princeton University, and Robinson Meyer, Heatmap’s executive editor.
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Here is an excerpt from our conversation:
Robinson Meyer: I think one thing that is also, when you zoom out, is that this is the kind of broader incoherence of their agenda, right? So the U.S. is scheduled to gain a massive addition of new liquefied natural gas export terminals at the end of the Trump term — in the last two years of the Trump term. The Trump administration is quite keen to further expand that expansion and approve another set of terminals that would come on in the late 2020s and early 2030s.
I want to observe a few things about that. I think one thing is that the Trump administration is, to quote a think tank analyst I was talking to recently, is pattern-matching to the late 2010s experience. The U.S. added LNG export capacity during the first Trump administration and gas prices didn’t go up because natural gas production in the U.S. basically scaled with export capacity.
We are going to significantly increase that again. I think we’re basically going to double LNG capacity toward the end of the Trump term. And they are basically assuming that the U.S. will just continue to scale gas extraction capacity at the same time that, presumably, they’re going to expand the power grid’s reliance on natural gas with their power policies. They’re really setting up an environment to be surprised by a natural gas price spike if their supposition is wrong, that the U.S. can’t just expand gas capacity in line with its export capacity.
Jesse Jenkins: Or even if it can expand it, it seems like the market needs higher prices to support that expansion. So maybe we can add enough supply to supply new LNG terminals, but we’ll do so at a higher domestic price because that’s what’s needed to get this production onto the market. Otherwise, it would already be there.
Meyer: And also, globally, natural gas prices are much higher than they are in the U.S. That’s one reason U.S. electricity prices are so cheap. If we build so much LNG that we hook our domestic natural gas market into global LNG markets, then like …
Jenkins: Prices become more volatile.
Meyer: Prices become more volatile, exactly.
Music for Shift Key is by Adam Kromelow.