Josh Basseches’ Post

A lot is at stake in this November’s US election, not least the future of US energy, which has global implications. Our insight, "The 2024 US Election: A Fork in the Road for US Energy Policy," explores key areas that will be influenced by the election results. Download your complimentary copy or continue reading for an overview: https://okt.to/KMc6Xb

"If Republicans wish to make good on their goals to lower energy costs and strengthen reliability, augmenting economic regional transmission is the way to go. Grid politics aside, consumers and proponents of sound policy would be better off prioritizing quality implementation and pursuing complementary reforms in lieu of broad litigation." Read the R Street Institute analysis by Devin Hartman on FERC's ruling this week! ⬇ https://lnkd.in/e9GVcJrk

“Competitive markets, which by the way were a bipartisan idea, have broken up these monopolies in many parts of the country and enabled electricity consumers to enjoy the benefits of competition. Lower prices, more reliability, and efficient investment. In contrast, in monopoly markets, and I looked at the state of Georgia, consumers end up on the hook for supposedly prudent investments even when there are significant cost overruns,” said Representative Ann Kuster (D-NH).    On February 14, the House Subcommittee on Energy, Climate, and Grid Security held a hearing on reliability and affordability. Witnesses included: Jim Huston, Chairman, Indiana Utility Regulatory Commission; Nick Myers, Commissioner, Arizona Corporation Commission; Tricia Pridemore, Commissioner, Georgia Public Service Commission; and Keith Hay, Senior Director of Policy, Colorado Energy Office.     Read more: https://lnkd.in/etnJs4aY  #gridreliability #energypolicy #competitiveenergy #competitivepower

Curious about what the outcome of next week’s elections might mean for the Federal Energy Regulatory Commission (FERC) and its policies? While none of us has a crystal ball 🔮 Former FERC Chairmen Rich Glick and Neil Chatterjee, former FERC General Counsel William Scherman, energy expert Timothy Fox and I spoke with Ethan Howland at Utility Dive about what may be on the horizon for our nation’s federal energy regulator. Check out the article below! TLDR; FERC’s bipartisan nature and the way that the commission is set up provides for some continuity and limits the opportunity for politically motivated drastic changes immediately following an election; however, critical issues like transmission planning, gas policy and how our nation will navigate the energy transition remain hot topics at FERC and within the courts. #FERC #electric #energy #markets #regulatory #policy #transmission #renewables #oil #gas #reliability #resilience #affordability #EnvironmentalJustice #EnergyTransition #BlackWomenInEnergy #BlackBigLawPartners #ThoughtLeaders

LNG analysts and research firms frequently provide an 'FID Outlook', which outlines the anticipated sequence of planned LNG projects moving to the construction phase. This outlook is crucial for forecasting medium to long-term global LNG supply. Leading up to 2024, economic and geopolitical factors sharpened the industry's focus on the US as the primary source of future FIDs. The strongly diverging energy policies and political pressures on Trump and Harris mean that never before has the future of these forecasts been so closely tied to a US election. The 2024 election is poised to be a critical determining factor in the future of the LNG industry.

Recent electric rate hikes in Wyoming have inspired six draft bills that lawmakers hope will empower state regulators to more carefully scrutinize costs that companies try to pass on to the state's ratepayers. Most of the measures have tentative support from a range of stakeholders. Others say they're worried about unintended consequences. "With government regulation, it's always important to make sure that when we’re trying to solve problems, we aren't making things worse," Rep. Mike Yin (D-Jackson) said. Story by Dustin Bleizeffer 📰 #electricity #energy #wyoming #wyomingnews #journalism #utilities #utilityindustry #electricitybills #politics

❗ Big #energypolicy moves out of Washington State last week. Recognizing that regulatory innovation may be needed in the #cleanenergytransition, the new legislation would create more tools as well as new requirements for large combination utilities. 💡 Integrated resource plans are out. Integrated system plans (ISPs) are in. Covering both electric and gas systems, ISPs will need to include: ➡ Scenarios with #emissionsreduction targets for both gas and electric operations, while accounting for the interactions between the two systems ➡ Plans to achieve at least 2% #energyefficiency and conservation ➡ Plans to achieve #loadflexibility >= 10% of electric peak load ➡ Plans to achieve all cost-effective #electrification of end uses through #NonPipelineAlternatives, rebates and incentives, and geographically #targetedelectrification. Utilities also need to include low-income electrification programs. 💡 Utilities can propose plans to merge gas and electric operations into a single rate base (as long as it results in “net benefit” and "reasonable rate protections" for low-income customers). AFAIK this policy would be the first of its kind in the U.S. 💡 Utilities and key stakeholders to develop market structures and mechanisms that recognize #greenhousegas attributes of generating resources in organized markets. The bill is on the governor’s desk. https://lnkd.in/evSM5wwR

The grid is undergoing a transformation. Renewable energy sources like solar and wind are playing an increasingly important role, but these resources are variable – they don't always produce power when we need it most. To maintain a reliable grid, we need a strong backbone of steady state and dispatchable resources – fast starting resources that can be turned on and off quickly to meet the growing load and balance renewable variance. Here's where fast interconnection comes in. The ability to streamline the interconnection of these dispatchable resources to the grid, allows them to supply electricity where it's needed most, and fast. This is crucial for a few key reasons: Balancing Variable Renewables: When the sun isn't shining or the wind isn't blowing, dispatchable resources can kick in and fill the gap. Fast interconnection ensures this happens quickly, preventing dips in frequency and potential blackouts. Optimizing Grid Efficiency: Dispatchable resources can be located in areas with abundant generation or low demand. Fast interconnection allows us to integrate this power efficiently to areas where it's needed, reducing reliance on local generation and minimizing transmission losses. Market Integration: Fast interconnection allows for a wider pool of resources to participate in energy imbalance markets and future Day Ahead Markets, especially in the west. This competition can drive down prices and ensure the most cost-effective generation is supplying the grid. Investing in fast interconnection infrastructure is essential for building a resilient and reliable grid that can integrate increasing amounts of renewable energy and meet load growth in an ever expanding electrified world. It's a win-win for everyone: a cleaner, more affordable, and dependable power supply for the future.

⚡️ What would a second Trump administration mean for #energy transition markets? How different would the energy policy of a Trump administration be from Biden's? 📊 Our Market Insights piece explores the implications of this US election result on industry trends and more 🔍 https://lnkd.in/gZB7YAGZ #CarbonCapture #Election2024 #Hydrogen

"Electric cooperatives are eager to develop resources for enduring reliable and affordable energy, but the federal government must do its part to help keep the lights on with rational public policy for a growing economy," NRECA CEO Jim Matheson told utility leaders in Washington. Click here to see how reliable, affordable power for co-op members hinges on rational public policy: https://bit.ly/3UudWW5