A nearly daily update of energy-related news:
- This morning, the U.S. Supreme Court upheld FERC’s “Demand Response” rule. The justices, voting 6-2, said FERC acted within its authority to set demand response rates, an energy-saving practice.
- The World Energy Council predicts that there will be a 70 percent drop in energy storage costs by 2030. WEC Secretary General Christoph Frei states “The investment community has good reason to be excited about the innovation and business models that will emerge from new opportunities. With the cost of capturing and storing wind and solar energy coming down, its deployment across the world will increase.” The report is titled “E-storage: Shifting from cost to value 2016” and was released at the World Future Summit in Abu Dhabi last week.
- The EIA expects for natural gas prices to rise over the next two years. The price increase reflects a forecasted consumption growth from the industrial sector. The EIA also expects total U.S. natural gas consumption to increase. In 2015, the U.S. consumed approximately 75.5 BCF/d of natural gas.