Where is the world's energy market headed?

as declared in - Volker Hartmann/ Getty ImagesListen To The Story Marketplace Embed Code The energy company BP has released its latest Energy Outlook report, which looks at the current state of energy consumption in developed countries like the U.S., and where the future of energy is headed by 2040. One key takeaway: the world's fuel mix is the most diversified we've ever seen. Spencer Dale, chief economist at BP, joined us to discuss some of their findings — and the results might surprise you. Click the above audio player to hear the full interview.

LaFleur warns against PJM plan altering 'fundamental' energy market mechanics

LaFleur's wide-ranging address also touched on expanding market operations in Western U.S. states and efforts to define grid resilience at FERC. At the DOE's annual meeting of its Electricity Advisory Committee, the federal commissioner said that PJM's energy market repricing proposal — now pending with stakeholders — could change the fundamentals of wholesale energy markets. The PJM proposal would alter that construct, allowing inflexible coal and nuclear units to set the LMP, raising energy market prices between 2% and 5% by the grid operator's estimate. "I think it's something we're going to have to think very hard about because this is the fundamental energy market and how we price things," LaFleur said. "I don't think it's something that we should change lightly but should we get a proposal from PJM we'll obviously give it serious thought."PJM's energy market proposal is not its only plan giving federal regulators pause.

Australia's energy market is on the rebound

as mentioned in Josh Frydenberg by Australia's energy market is on the rebound Power prices are still too high. Power prices are falling, but there's still a lot of work to be done. The implementation of the National Energy Guarantee will also have a significant impact on the wholesale market. Increasing energy efficiency to reduce energy usage is an effective demand-side tool being pursued by the Turnbull government. The previous federal Labor government allowed the Limited Merits Review process to run unchecked, costing energy users over $6 billion.

collected by :Victor Alphen