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News Breaking Down Electricity Rate Subsidy and Hydropower Transfers Bnamericas Published: Tuesday, June 25, 2024 Hydro DamTaxes & SubsidiesLegislation & RegulationPoliticsOnshore WindTendersConcessionsPhotovoltaicPower purchase agreement (PPA)Green Hydrogen Show 5 More Hide 5 Topics Electricity Rate Subsidies Explained Electricity rate subsidies have been a hot topic in energy discussions worldwide. These subsidies are designed to make electricity … Read more

Provisional Tariffs on Chinese EV Imports The European Union has put forth a bold move to increase tariffs on electric vehicles imported from China, proposing additional duties ranging from 17% to 38% on top of the standard 10% car tariff. This action specifically targets new electric vehicles fully powered by electric engines but excludes hybrids … Read more

Understanding Negative Electricity Prices The concept of negative electricity prices might seem paradoxical at first. Essentially, producers pay consumers to take their power. This phenomenon arises when there’s a surplus of electricity, usually due to increased production from renewable sources like wind and solar. The market adjusts to this oversupply by driving prices below zero … Read more

Broadband Initiative Nearing Completion Pennyrile Electric’s broadband initiative, launched in collaboration with Hopkinsville Electric System, is making significant headway. The project aims to deliver high-speed internet to rural and underserved communities, a mission that is currently 85% complete. Members of the cooperative can anticipate enhanced connectivity, which is increasingly essential in rural regions. This partnership … Read more

Why Is New Bern Considering This Rate Hike? The Board of Aldermen in New Bern is confronted with growing operational costs, compelling them to consider a 5% electric rate increase. Such a hike is proposed to maintain the city’s infrastructure and avoid depleting the stabilization fund used for unforeseen expenses. Many local infrastructure projects, such … Read more

The Financial Impact of PG&E Rate Increases With PG&E’s second rate hike this year, the cost of charging electric vehicles at home is becoming a financial burden. Despite fears, gas vehicles still aren’t more economical to run than EVs, but the gap is narrowing. The escalating rates threaten the prominent cost-saving reason many switched to … Read more

Introduction of Senate Bill 457 The recent introduction of Senate Bill 457 has garnered significant attention. This bill aims to reintroduce a consumer utility counsel to represent the public in utility rate discussions. The unanimous support from the Senate Regulated Industries Committee is just the beginning, as the bill now advances to the Rules Committee. … Read more

Connecticut’s Significant Electricity Rate Hike Explained Starting July 1, Connecticut will experience a notable surge in electricity rates. This rise, approved by state regulators, is largely attributed to an increase in costs tied to government mandates. For many households, this change means budgeting more each month for electricity. Government mandates aimed at sustainable energy and … Read more

New Summer Electric Rates Announced Rhode Island Energy recently shared good news for electric customers—summer rates are anticipated to drop significantly. The new rate for residential electricity, starting April 1, is set at 8.91 cents per kilowatt-hour, approximately 43% lower than the winter rate. This shift marks a slight 2% decrease from last summer’s rates, … Read more

Immediate Impact on Consumers The decision to suspend the electricity rate hike brings immediate financial relief to consumers. As electricity bills are a significant part of household expenditures, this move is expected to ease the financial burden on many families across Panama. Residents had expressed concerns over rising electricity costs, especially during the sweltering summer … Read more