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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas.

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Electrify America introduces new pricing structure featuring kWh pricing in 23 states and DC; reduced rates for states with minute-based pricing

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Electrify America introduced a new pricing structure designed to provide electric vehicle (EV) owners with consistent and transparent rates across its public brand-neutral fast-charging network. Kilowatt-Hour Pricing—Rates as Low as $0.31 Cents Per kWh. Rates start at $0.31 per kilowatt hour. Rates start as low as $0.12

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EIA: CO2 emissions from US power sector have declined 28% since 2005

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US electric power sector CO 2 emissions have declined 28% since 2005 because of slower electricity demand growth and changes in the mix of fuels used to generate electricity, according to the US Energy Information Administration (EIA). In 2005, noncarbon sources accounted for 28% of the US electricity mix.

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Consumer Reports: most popular electric vehicles cost less to own than the best-selling gas-powered vehicles in their class

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Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.

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Ford opens E-Transit Registration site for commercial customers; new pricing

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Along with the registration site, the E-Transit electric vans have updated pricing, with a targeted starting MSRP of $43,295 for the cutaway—lower than originally announced—to $52,690 for the high-roof extended-wheelbase cargo van. And E-Transit can further help save on operating costs compared to gas-only vans.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). EIA also published its annual Summer Electricity Industry Outlook , which forecasts that continued US economic growth will increase electricity use by 0.4%

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