How Utilities Can Save Customers Billions of Dollars

If utilities modernize the way they select the resources they run each day, they can save carbon and reduce energy prices.

Over the past three years, energy market prices have been exceptionally volatile. Natural gas prices spiked then tanked at the end of 2019 and wholesale market prices followed. When COVID-19 lockdowns were enacted, energy demand plummeted — so that only the lowest cost resources were really needed to provide energy to consumers — driving prices down even further. Many coal-fired power plants responded by decreasing overall generation.