Connection

popular articles

Alpiq awards €20 million order to Merus Power
Redelio Renewables LLC: 2.4 GW Energy Storage Ambition in the U.S.
Belgium completes financing for its first Green Hydrogen Plant
Sceye validates solar-powered stratospheric flight
Eni obtains crucial approvals for gas projects in Indonesia

Natural gas price hike: CPUC investigation launched

California looks back at the December 2022 natural gas price spike that saw the daily spot price of natural gas reach a record high. The CPUC has launched an investigation to examine the causes and impacts of this volatility.

Please share:

An investigation into rising natural gas prices has been announced by the California Public Utilities Commission (CPUC). This investigation concerns the December 2022 spike in natural gas prices, which resulted in higher utility bills for customers.

Natural gas prices rise in December

Natural gas prices spiked in wholesale markets in December 2022 in major trading centers in the western United States due to cold weather, high demand and supply issues. Daily spot natural gas prices outperformed all other U.S. markets, including the benchmark.

Daily spot natural gas prices hit a record high

The daily spot price of natural gas at Pacific Gas & Electric (PG&E) Citygate jumped 125% to $56.429 per million British thermal units (MMBtu) on December 21, 2022. Prices were trading around $6.939 per MMBtu on Thursday.

CPUC launches investigation into natural gas price hike

The CPUC announced that it has launched an investigation to examine the causes and impacts of the price spikes, the potential for recurrence this summer and measures to mitigate the volatility. The statement follows Governor Gavin Newsom’s request to the Federal Energy Regulatory Commission (FERC) to investigate any market manipulation, anti-competitive behavior or other anomalous activities that may have resulted in high prices.

In response to the California governor’s request, FERC announced that it was conducting a monitoring exercise to determine whether market participants had engaged in behavior that contributed to or benefited from high gas prices. This investigation is focused on whether natural gas prices in California are artificially high due to anti-competitive practices or market manipulation.

Register free of charge for uninterrupted access.

Publicite

Latest news

The United States Grants Two Subsidies for Nuclear Projects in Bulgaria
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The EU Introduces a CO2 Label for Air Travel
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
National Grid: a record £35 billion investment to modernize the UK’s electricity grid

Recently published in

The EU Introduces a CO2 Label for Air Travel

Starting July 2025, a European label will allow passengers to compare CO2 emissions from flights, aiming to promote less polluting options.
National Grid: a record £35 billion investment to modernize the UK’s electricity grid
The UK electricity grid operator, National Grid, announces an ambitious £35 billion plan to double electricity transmission capacity by 2031, in alignment with the government's environmental goals.
en_1140945540
National Grid: a record £35 billion investment to modernize the UK’s electricity grid
The UK electricity grid operator, National Grid, announces an ambitious £35 billion plan to double electricity transmission capacity by 2031, in alignment with the government's environmental goals.
en_1140945540
Nigeria approves Shell’s $2.4 billion sale of 30% onshore assets
Nigeria approves Shell's $2.4 billion sale of 30% onshore assets
en_1140956540
Nigeria approves Shell’s $2.4 billion sale of 30% onshore assets
Nigeria approves Shell's $2.4 billion sale of 30% onshore assets
en_1140956540
California and PG&E: A $15 Billion Loan to Strengthen Energy Policy
The Department of Energy grants a conditional $15 billion loan to PG&E to modernize California's infrastructure. This project is part of a larger effort to transform regional energy policy.
en_1140936540
California and PG&E: A $15 Billion Loan to Strengthen Energy Policy
The Department of Energy grants a conditional $15 billion loan to PG&E to modernize California's infrastructure. This project is part of a larger effort to transform regional energy policy.
en_1140936540

Sweden Criticizes Germany on Energy Policy as Electricity Prices Rise

Germany’s energy policy, marked by the nuclear phase-out, has driven electricity prices up in Sweden, affecting households and businesses. Stockholm accuses Berlin of neglecting regional impacts and suspends a key interconnection project.
Kazakhstan secures 6 million euros to modernize its energy grid
A project supported by the UNDP and the European Union aims to reduce energy losses and modernize Kazakhstan's electric infrastructure, the largest greenhouse gas emitter in Central Asia.
en_1140934540
Kazakhstan secures 6 million euros to modernize its energy grid
A project supported by the UNDP and the European Union aims to reduce energy losses and modernize Kazakhstan's electric infrastructure, the largest greenhouse gas emitter in Central Asia.
en_1140934540
France: €200 billion needed to modernize electrical grids, says the Court of Audit
The Court of Audit reveals €200 billion in investment needs to modernize French electrical grids by 2040, urging a balance between shareholder and consumer financial efforts.
en_1140972540
France: €200 billion needed to modernize electrical grids, says the Court of Audit
The Court of Audit reveals €200 billion in investment needs to modernize French electrical grids by 2040, urging a balance between shareholder and consumer financial efforts.
en_1140972540
Trump’s Proposed 25% Tariffs Could Disrupt North American Trade
Donald Trump's proposal to impose a 25% tariff on all imports from Canada and Mexico risks disrupting supply chains and increasing costs for American businesses and consumers.
en_1140913540
Trump’s Proposed 25% Tariffs Could Disrupt North American Trade
Donald Trump's proposal to impose a 25% tariff on all imports from Canada and Mexico risks disrupting supply chains and increasing costs for American businesses and consumers.
en_1140913540

Energy Permits: Congress Delays Reforms Until the Next Session

Reforms aimed at accelerating energy permits have been excluded from the U.S. budget bill, postponing discussions to a Republican-led Congress that plans more ambitious changes.
The U.S. Supreme Court examines California’s right to impose electric vehicle quotas
The U.S. Supreme Court reviews the fuel industry’s challenge against California’s exclusive right to impose electric vehicle sales targets, a key issue for national emission standards.
en_1140914540
The U.S. Supreme Court examines California’s right to impose electric vehicle quotas
The U.S. Supreme Court reviews the fuel industry’s challenge against California’s exclusive right to impose electric vehicle sales targets, a key issue for national emission standards.
en_1140914540
Japan: The share of renewable energy could double by 2040-2041
Japan plans to reduce its reliance on thermal energy to 30%-40% by fiscal year 2040-2041 while significantly increasing renewable energy, according to a draft Strategic Energy Plan.
en_1140918540
Japan: The share of renewable energy could double by 2040-2041
Japan plans to reduce its reliance on thermal energy to 30%-40% by fiscal year 2040-2041 while significantly increasing renewable energy, according to a draft Strategic Energy Plan.
en_1140918540
Biden Engages in a Major Reform on Oil and Gas Project Financing
In response to climate pressures, the Biden administration proposes limiting public support for oil and gas projects abroad. An initiative that could redefine global energy policy.
en_1140903540
Biden Engages in a Major Reform on Oil and Gas Project Financing
In response to climate pressures, the Biden administration proposes limiting public support for oil and gas projects abroad. An initiative that could redefine global energy policy.
en_1140903540

Morocco provides Niger with a 20 MW power plant to address supply deficits

Niger has received a 20 MW diesel power plant as a strategic donation from Morocco. This project aims to strengthen local production in a context marked by high dependency on Nigeria for energy supply.
Libya: Zawiya Refinery Shut Down After Violent Clashes
The Zawiya refinery, essential for fuel supply in Libya, has suspended its activities after armed clashes caused significant fires and sparked a local crisis.
en_1140910540
Libya: Zawiya Refinery Shut Down After Violent Clashes
The Zawiya refinery, essential for fuel supply in Libya, has suspended its activities after armed clashes caused significant fires and sparked a local crisis.
en_1140910540
Adani’s Port Project in Sri Lanka to Continue Despite Controversies
Despite corruption charges against Gautam Adani, CEO of the eponymous conglomerate, Sri Lanka confirms the continuation of the strategic Colombo container terminal project, vital for its struggling economy.
en_1140875540
Adani’s Port Project in Sri Lanka to Continue Despite Controversies
Despite corruption charges against Gautam Adani, CEO of the eponymous conglomerate, Sri Lanka confirms the continuation of the strategic Colombo container terminal project, vital for its struggling economy.
en_1140875540
Moldova declares a state of emergency to secure its energy supply
Faced with the threat of Russian gas cuts, Moldova is enacting a 60-day state of emergency to safeguard its energy security and prevent a humanitarian crisis during one of the most critical winters for its energy independence.
en_1140885540
Moldova declares a state of emergency to secure its energy supply
Faced with the threat of Russian gas cuts, Moldova is enacting a 60-day state of emergency to safeguard its energy security and prevent a humanitarian crisis during one of the most critical winters for its energy independence.
en_1140885540

Drop in Electricity Prices in Estonia Thanks to Wind and Imports

Electricity prices in Estonia fell by 9.6% in November, averaging €82.56/MWh, driven by increased wind energy production and higher-than-average temperatures.
Utah Invests $20 Million to Develop Nuclear and Geothermal Energy
Utah Governor Spencer Cox proposes an ambitious budget to double energy production within ten years, focusing on nuclear and geothermal energy, contrasting with federal priorities on solar energy.
en_1140848540
Utah Invests $20 Million to Develop Nuclear and Geothermal Energy
Utah Governor Spencer Cox proposes an ambitious budget to double energy production within ten years, focusing on nuclear and geothermal energy, contrasting with federal priorities on solar energy.
en_1140848540
European Industry Weakened by Exorbitant Energy Costs
Energy prices in Europe far exceed those in the United States and China, putting the manufacturing industry at a disadvantage. An urgent review of energy and industrial policies is needed to safeguard European competitiveness.
en_1140828540
European Industry Weakened by Exorbitant Energy Costs
Energy prices in Europe far exceed those in the United States and China, putting the manufacturing industry at a disadvantage. An urgent review of energy and industrial policies is needed to safeguard European competitiveness.
en_1140828540
SSE unveils £22 billion investment plan for strategic energy infrastructure
SSE Transmission submits an ambitious plan to Ofgem, aiming for £22 billion in investments to support energy transition, create thousands of jobs, and strengthen Scotland's electricity infrastructure.
en_1140822540
SSE unveils £22 billion investment plan for strategic energy infrastructure
SSE Transmission submits an ambitious plan to Ofgem, aiming for £22 billion in investments to support energy transition, create thousands of jobs, and strengthen Scotland's electricity infrastructure.
en_1140822540

Local Barriers Hinder China’s Power Market Reforms

China accelerates reforms for a unified electricity market, but local trade barriers limit the transmission of renewable energy from remote regions to high-demand urban centers.
IMF Validates a Key Step in Ecuador’s $4 Billion Aid Program
The International Monetary Fund announced an agreement with Ecuador on the first review of its economic aid program, paving the way for a $500 million disbursement amid an energy and economic crisis.
en_1140816540
IMF Validates a Key Step in Ecuador’s $4 Billion Aid Program
The International Monetary Fund announced an agreement with Ecuador on the first review of its economic aid program, paving the way for a $500 million disbursement amid an energy and economic crisis.
en_1140816540
Areva agrees to a €4.8 million fine for corruption in Mongolia
The former nuclear leader Areva settles a €4.8 million fine in a corruption case in Mongolia from 2013 to 2017, thus avoiding legal prosecution. An investigation reveals controversial payments through intermediaries.
en_1140792540
Areva agrees to a €4.8 million fine for corruption in Mongolia
The former nuclear leader Areva settles a €4.8 million fine in a corruption case in Mongolia from 2013 to 2017, thus avoiding legal prosecution. An investigation reveals controversial payments through intermediaries.
en_1140792540
India Urges ICJ to Avoid New Climate Obligations
India has called on the International Court of Justice to uphold the current UN climate framework, sparking tensions with small island states advocating for stricter measures.
en_1140770540
India Urges ICJ to Avoid New Climate Obligations
India has called on the International Court of Justice to uphold the current UN climate framework, sparking tensions with small island states advocating for stricter measures.
en_1140770540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS