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This is one of four articles related to the 2021 State of the Electric Utility Survey Report. To see the other articles and download the report, visit our State of the Electric Utility landing page.
Utilities have a long list of priorities for the federal government, according to Utility Dive s 2021 State of the Electric Utility (SEU) Survey Report, released this week. Tax credits, enhanced cybersecurity requirements, baseload generation support, a carbon price and strong federal decarbonization targets were among the top issues respondents from public power entities, electric cooperatives, and investor-owned utilities want the federal government to address.
The SEU survey was taken by respondents before the results of the 2020 presidential election were known, and the federal landscape has shifted dramatically since then. The White House is now aiming for a 100% carbon-free power grid by 2035, 15 years earlier than the 2050 target many utilities have set. And most uti
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Biden Effects Regulatory Freeze, Revokes Trump Actions, Rejoins Paris Agreement
President Joe Biden just hours after his inauguration effected an immediate freeze on several Trump-era deregulatory actions that directly affect the power sector, and revoked a long list of rules and executive actions affecting the bulk power system.
The president on Jan. 20 also kickstarted America’s return to the Paris Agreement, sending a brief letter to the United Nations (UN) that accepts every “article and clause” within the landmark international climate agreement.
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Editor’s note: This story is part of the Utility Dive Outlook on 2021, a series on the trends that will shape the industry in 2021. For a look at the business trends affecting other industries, see the Dive Outlook on 2021.
The U.S. electric sector’s transition to cleaner generation has been led by states for the past four years, but 2021 is poised to offer stronger actions from the federal level. Under President-elect Joe Biden and a Democrat-led Congress, which will likely lead to the proliferation of battery storage and lower-carbon natural gas generation, among other energy developments, experts say.