Virginia regulators seek suggestions on saving energy
The State Corporation Commission was tasked by the General Assembly to determine achievable, cost-effective energy conservation and demand management targets for Dominion Virginia Power, Appalachian Power, and Kentucky Utilities.
Regulators are examining energy consumption and peak load reductions that each company could achieve as well as the consumer costs and company benefits of those reductions.
The SCC also will look at how to determine rates for the energy management programs.
Written comments are due by July 31 and a hearing is set for September 23. The commission will submit its recommendations to the governor and General Assembly by November 15.
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BRUSSELS - The European Union wants to expand the use of contracts that pay power plants a fixed price for electricity, a draft proposal showed, to shield European consumers from big price swings.
The European Commission pledged last year to reform the EU's electricity market rules, after record-high gas prices, caused by cuts to Russian flows, sent power prices soaring.
A draft of the EU executive's proposal, seen by Reuters on Tuesday and due to be published on Mar. 16, steered clear of the deep redesign of the electricity market that some member states have called for, suggesting instead limited changes to…
