October 10 NEC Energy News
¶ “Hope For Power Bill Relief As Eastern Australia’s Wholesale Electricity Price Tumbles” • Eastern Australia’s wholesale electricity prices fell sharply in the September quarter, a trend that if maintained could deliver power bill relief for households and businesses alike. Spot prices were down 70% after price caps took effect, especially on coal and gas. [The Guardian]
¶ “Coalition Are ‘Climate Charlatans’ Making False Claims About Australia’s Nuclear Power Potential, Energy Minister Says” • The climate change and energy minister, Chris Bowen, accused the Coalition of using “the rightwing playbook of 2023 – populism, polarisation, and post-truth politics” in making false claims about the potential for nuclear power in Australia. [The Guardian]
¶ “Regulators Reject Request To Shutter Nuclear Reactor” • Federal regulators rejected a request from two environmental groups to shut down one of two reactors at California’s last nuclear power plant. Friends of the Earth and Mothers for Peace said in a petition filed with the NRC that some safety tests had been excessively delayed [The Journal Record]
¶ “The Midwest US Could Be A Hotspot For Deadly ‘Moist Heat Stress’ As Global Temperatures Climb” • Large parts of the world, including China and the Midwest US, are on track to become too hot for humans to handle as accelerating global temperatures expose billions to heat and humidity so extreme their bodies will no longer be able to cope, a study shows. [CNN]
¶ “Tesla Cuts Model Y And Model 3 Prices As It Tries To Meet Ambitious Sales Target” • To achieve its ambitious target of 1.8 million unit sales this year, Tesla has to sell a whopping 476,000 vehicles in the fourth quarter. In an effort to bolster sales, the company has decided to implement price cuts across some of its most popular models. [CleanTechnica]
¶ “Peak Hourly US Electricity Demand In July Was The Second Highest” • On July 27, 2023, peak hourly electricity demand in the continental US reached 741,815 MWh. This was the second highest since the Energy Information Administration began collecting this data in 2016, and just under high of 742,704 MWh recorded on July 20, 2022. [CleanTechnica]
¶ “Wyoming Gives Up Federal Cash” • The Inflation Reduction Act offers states a total of around $350 millionto plug what are known as “stripper wells,” which produce less than 15 barrels of oil a day but still produce significant amounts of methane. They produce about 10% of Wyoming’s oil and gas, so the state is taking a pass on the offer. [CleanTechnica]
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