CES Spotlight Blog
Canadian Tar Sands Oil Flowing South
An enormous reservoir of oil sits just to our north in Alberta Canada. The Canadian tar sands hold almost 200 billion barrels of oil by some estimates, giving Canada the world’s third largest oil reserves behind Venezuela, and Saudi Arabia. Much has been written recently about efforts to bring tar sands oil to the US via Transcanada Corporation’s new Keystone XL pipeline. While the Keystone XL pipeline has been delayed, at least in part, for political reasons, other pipelines are quietly jumping in to meet the growing demand. Most recently the 236-mile Portland Maine to Montreal Canada pipeline has been connected with the Canadian tar sands.
Study Finds That Cape Wind Will Save $7.2 Billion
Charles River Associates has calculated that the Cape Wind project will reduce wholesale power prices in New England by $7.2 billion over 25 years. The report dated March 29th, was an update to a 2010 study commissioned by Cape Wind, the controversial offshore wind power project planned for Nantucket Sound.
For the right clients, Real-Time and Day-Ahead pricing products provide low cost power
The vast majority of end-users who participate in the competitive electricity marketplace buy fixed-price fixed-term contracts. And for good reason. The fixed-price fixed-term contract structure offers budget certainty and provides insurance against price spikes over the term of the contract. Certain end users, however, are willing to forego budget certainty in exchange for a lower average price over time. For these folks, buying their electricity in either the real-time or day-ahead market may make sense.
Vermont Yankee Closure Could Effect Energy Prices
Wednesday, March 21st, marked the 40th anniversary of the Vermont Yankee Nuclear Power Plant. The state of Vermont has appealed a federal court decision that would allow the state’s only nuclear plant to continue generating power on Thursday, March 22nd, after the expiration of its initial 40 year operating license. Vermont Yankee, located in the town of Vernon Vermont, shares a design with the infamous Fukushima nuclear reactors of Japan that experienced a meltdown in March 2011. The General Electric Mark 1 model Boiling Water Reactor design was discontinued around the time Vermont Yankee came online in 1972.