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PREPA plan will raise rates while missing opportunity for renewables and dampening economic recovery prospects
Puerto Rico’s electricity consumers will pay unreasonably high rates if plans to privatize the Puerto Rico Electric Power Authority (PREPA) move forward. The IEEFA analysis, “PREPA Privatization Will Hurt Consumers and Slow Economic Recovery”, recommends reforming the public model as more reliable, affordable, and sustainable both financially and environmentally. If the proposed privatization model is […]
IEEFA
Utility Dive: A new paper by the cofounder and chief scientist of the Rocky Mountain Institute (RMI) seeks to challenge conventional wisdom when it comes to energy efficiency, positing that the size and cost of the potential resource base is much larger and cheaper than previously believed. The misunderstanding is fundamental, according to physicist Amory […]
IEEFA
Columbia Missourian: Developing and installing the technology to reduce fossil fuel use — known in the industry as “energy efficiency” — creates many more jobs than fossil fuels. Energy efficiency jobs in the United States totaled 2.18 million in 2016, more than double the total of fossil fuel production and fossil-fuel based electricity generation combined. […]
IEEFA
Greentech Media: Governor Andrew Cuomo announced new energy efficiency standards for New York on Friday, calling for investor-owned utilities to achieve annual efficiency savings equal to 3 percent of sales by 2025. The new target would accelerate energy efficiency by more than 40 percent over current forecasts and reduce energy consumption by 185 trillion Btu. New […]
IEEFA
S&P Global Market Intelligence ($): General Electric Co.’s power segment continues to be the company’s “biggest challenge” in 2018, but the company’s chief communications officer dismissed the notion that the industrial giant was slow to take on the renewable energy market. GE Power’s segment profits were $273 million for the first quarter of 2018, down 38% […]
IEEFA
Minnesota Post: In the last year alone, Minnesota added 467 megawatts (MW) of solar capacity — enough to power 53,000 homes and nearly tripling the capacity added in 2016. This growth was also accompanied by an exceptional 48 percent increase in solar industry jobs as found in The Solar Foundation’s latest Solar Jobs Census. Looking […]
IEEFA
Washington Post: The Trump administration is poised to ask Congress for deep budget cuts to the Energy Department’s renewable energy and energy efficiency programs, slashing them by 72 percent overall in fiscal 2019, according to draft budget documents obtained by The Washington Post. Many of the sharp cuts would probably be restored by Congress, but […]
Press Release
Report: The International Energy Agency (IEA) Is Out of Touch; Latest Developments in Chile and Mexico Portend More
Nov. 21, 2017 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis sees India within a decade of peak thermal coal demand. In a report published today—“India’s Electricity Sector Transformation: Momentum Is Building; Peak Coal in Sight”—the institute projects a significant increase in renewable energy generation across India, a trend that will […]
Press Release
Leaders and Laggards Emerge; US$185 Billion in Lost Shareholder Value Seen Among Utilities Failing to Keep Pace; Solar and Wind Generation ‘Can Now Consistently Outbid Fossil-Fuel-Based Generation’
Oct. 4, 2017 (IEEFA) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that describes how the rise of renewable energy is disrupting electricity markets worldwide. The report, “Global Electricity Utilities in Transition: Leaders and Laggards: 11 Case Studies,” documents a pace of change in Asia, Europe, the Americas and […]
IEEFA
New York Times: When Eneco, a major Dutch utility, tested a promising energy monitor in several dozen homes, things could not have gone much worse. The company making the devices failed to deliver enough of them, and some of those provided did not work. But when Eneco sent workers to recover the monitors, something strange […]
IEEFA report: Privatizing the Puerto Rico Electric Power Authority is not the answer
PREPA plan will raise rates while missing opportunity for renewables and dampening economic recovery prospects
Puerto Rico’s electricity consumers will pay unreasonably high rates if plans to privatize the Puerto Rico Electric Power Authority (PREPA) move forward. The IEEFA analysis, “PREPA Privatization Will Hurt Consumers and Slow Economic Recovery”, recommends reforming the public model as more reliable, affordable, and sustainable both financially and environmentally. If the proposed privatization model is […]