Indexing REC Pricing Against Market Prices Will Lower Costs of Renewable Projects: Clean Energy Groups

Directing future Tier 1 renewable energy credit, or REC, procurements under New York’s Clean Energy Standard to include pricing that is indexed against wholesale market prices will result in lower and less volatile costs to consumers, according to an Oct. 2 filing by the American Wind Energy Association,  Alliance for Clean Energy New York, and…

Bankrupt Agera Faces Sanctions Amid Failure to Pay $2.2 Million for RPS Compliance

The New Hampshire Public Utility Commission issued a second order on Oct. 2 demanding that retail power supplier Agera Energy LLC make alternative compliance payments totalling over $2.2 million to satisfy compliance with the state’s 2018 renewable portfolio standards. Agera, which filed for bankruptcy with a federal bankruptcy court in New York on Oct. 4th,…...