Recently, Americans are worried about watching the news. This is because the closeness of the global supply chain is causing a shortage of many daily necessities. At the same time, energy prices are rising dramatically, unmet supply to the economic demands that have revived from the COVID pandemic.
Soaring energy prices have already hit consumers in Europe and Asia. But they could hit US consumers this winter as well. Gasoline prices are rising, kerosene prices have risen by more than 60% in a year, and natural gas costs have doubled in the last six months.
With rising energy prices, the reliability of the country’s power grid has also become a question mark. Power outages and power outages are becoming more and more common in California, Texas, and other states.
Despite these concerns, the Biden administration is pushing ahead with plans for the US carbon-free power sector by 2035. To that end, the president aims to dramatically increase wind and solar power generation, enabling the United States to reach 80% zero emissions. By 2030.
Such a great reliance on weather-dependent power sources poses immeasurable technical challenges — and price tags will be extraordinary. However, the lack of planning for secure grid reliability is the most annoying.
The Biden administration is envisioning a program that will provide utilities with billions of dollars to deploy wind and solar capacities. However, there is no clear plan on how the country will respond to all of this new intermittent power, or provide appropriate incentives to ensure simultaneous backup power when the weather does not cooperate.
Senator Joe Manchin (DW.Va.) Has probably decided to vote for the plan in the Senate and has already said, “We will be in an unreliable situation by 2030.” I’m warning you.
Grid operators and utilities are just as worried. A regulator of the Federal Energy Regulatory Commission, which oversees the US electricity market, warned that the proposal would be something like “effectively dropping a hydrogen bomb in the middle”, “the results are serious and devastating.” It is immeasurable. “
We have already got a preview of this across the Atlantic Ocean. European competition to dismantle traditional energy infrastructure, curb investment in fossil fuel production and adopt renewable energy has severely lacked the energy needed this winter for Vladimir Putin’s natural gas. Dependence is increasing.
UK electricity prices are now skyrocketing to record levels. Soaring natural gas prices and low renewable energy output have tripled electricity prices in Spain and Portugal in the last six months. In addition, Germany’s shift to full-scale wind and solar power has boosted the country’s electricity prices to three times the US average.
You need to be careful about your future journey. America’s energy transition requires careful planning built on the shoulders of existing energy infrastructure. Policy makers need to ensure reliable and affordable electricity, rather than clumsy dismantling. US consumers are already facing rising energy prices this winter. Bad policy should not help another energy crisis as the next course.
Terry Jarrett is an energy lawyer and consultant and has served on the Board of Public Utility Commissions and the Missouri Civil Service Commission. He regularly contributes to LeadingLightEnergy.com.
Source link The global energy crisis puts Americans at risk – thereporteronline