The Western Energy Imbalance market generated about $100 million in savings in the third quarter of this year, with total benefits reaching $502 million since its launch in November 2014, according to an Oct. 29 press release from the California Independent System Operator Corporation. The third quarter benefits were the highest for any quarter due…
U.S. electric power sector emissions totaled 1,744 million metric tons in 2017, the lowest since 1987, according to an Oct. 29 report from the U.S. Energy Information Administration. Energy-related emissions in the power sector fell by 28 percent since 2005 compared to 5 percent in all other energy sectors. The agency attributed the drop in…
The Virginia State Air Pollution Control Board on Oct. 30 approved recommendations to revise to regulations governing carbon dioxide emissions from fossil fuel-fired electric power plants in the state. The Department of Environmental Quality proposed a more stringent base budget of 28 million tons in 2020 resulting in additional emissions reductions of 5 million tons…
The Florida Public Service Commission on Oct. 29 authorized Tampa Electric Company to recover costs for five solar projects totaling 260 megawatts under the second phase of the company’s solar plan. The projects raise the revenue requirement by $46 million resulting in a $2.46 increase in monthly residential bills, effective January 2019. The agency said…
The New Jersey Board of Public Utilities announced that all Solar Renewable Energy Certificate or SREC applications submitted after Oct. 29 will have a lifespan of 10 years, clarifying legislation enacted in May. The language of the legislation says that the 10-year term applies only to certain proposals seeking to connect to the distribution system.…
ISO New England Inc. filed revisions with the Federal Energy Regulatory Commission for a new market design that would help emerging storage technologies to “more fully participate” in the wholesale power markets, according to an Oct. 29 news release. The rule would recognize the ability of batteries to transition continuously and rapidly from charging to…
The New Jersey Board of Public Utilities approved a six-month contract beginning Nov. 1 with Rutgers University to conduct an analysis of energy storage, according to the agency’s Oct. 29 press release. The state enacted legislation in May that sets a target to reach 600 megawatts of storage by 2021 and 2,000 megawatts by 2030.…