New York Electric Utilities and Solar Companies Partner to Revalue Solar

On April 18, 2016, a coalition of New York State electric utilities and solar companies jointly proposed a distributed generation compensation model that addresses cost-sharing issues in transitioning from net energy metering (NEM). As utilities and state regulators continue to debate over the valuation of solar power, the New York proposal could set a national precedent for utility-industry collaboration to support solar growth while addressing cost-sharing issues.

New York Set to Revive Renewable Energy Industry

Key Takeaways: The Reforming the Energy Vision (REV) initiative seeks a fundamental restructuring of New York’s centralized utility model in response to technology advancements and customer trends that favor decentralized power generation The 2015 New York State Energy Plan provides a roadmap to implement the REV strategy through increased renewable generation, energy efficiency, and emissions…

EPA Announces New Emissions Standards for Trucks and Trailers

Key Takeaways: The 2013 Climate Action Plan called for new standards to advance fuel economy and emissions reductions in the transportation sector Proposed Phase 2 standards for medium- and heavy-duty vehicles aim to achieve 24 percent improvement in fuel efficiency by 2027 The new standards will spur advancements in trucking technology, resulting in substantial costs…

FERC Approves Reforms to PJM Capacity Market

Key Takeaways: PJM’s forced generation capacity outages in the 2013/2014 winter, along with long-term distributed generation trend, prompted PJM to propose capacity market reforms to ensure system reliability After requesting additional information in April, FERC approved PJM’s approval, allowing for inclusion in August Forward Capacity Auction Capacity Performance will impose stringent operational requirements and non-performance…

DOI Approves First Solar Projects Under Expedited Review Process

Key Takeaways: Solar energy still only accounts for around 1% of total U.S. power generation but costs have fallen dramatically The BLM approved the first utility-scale solar development projects under the Western Power Plan By reducing non-hardware costs of solar energy, the BLM’s initiatives will soften the impact of Investment Tax Credit expiration Insight for…

Signed Energy Act Sets Tone for Upcoming Energy Legislation Debates

Insight for Industry – Energy Efficiency Improvement Act Will Reduce Energy Demand The Energy Efficiency Improvement Act of 2015, which President Obama signed into law on April 30, will add momentum to falling energy consumption per capita in the United States by reducing energy demand from commercial buildings, manufacturing plants, and homes. The relatively uncontroversial…

Market Speculation Drops in 27th RGGI Carbon Allowance Auction

Insight for Industry – RGGI Market Gaining Stability The Regional Greenhouse Gas Initiative’s (RGGI) first quarterly auction of 2015 (Auction 27) results indicate a stable market design as compliance entities purchased all allowances and the clearing price remained below the Cost Containment Reserve (CCR) threshold. Despite high overall demand, zero non-compliance (solely financial market) entity…

REV Policy Framework Restricts Utility Ownership of Distributed Energy Resources

Distributed System Platform to Facilitate New Resource Integration The marketplace envisioned under the New York Public Service Commission’s (PSC) Reforming the Energy Vision (REV) proceeding targets efficient development of distributed energy resources (DERs). In its REV Track One regulatory framework issued on February 26, 2015, the New York PSC determined that utilities will perform the…

New York Utilities to Create New Distribution System Platform

Incumbent Utilities will act as Distributed System Platform Providers New York Public Service Commission (PSC) and Department of Public Service (DPS) staff has deemed incumbent utilities as the best entities to develop new distributed system platforms (DSPs) under the Reforming the Energy Vision (REV) proceeding. The proceeding aims to reorient New York’s electric industry and…

Demand Response to Grow Under Alternate Scenarios Regardless of FERC Order 745 Outcome

Demand response participation in wholesale power markets has varied across Regional Transmission Organizations since the Federal Energy Regulatory Commission finalized Order 745 in 2011. The outcome of the Supreme Court’s pending review of the May 2014 Order 745 vacatur will have varying impacts across RTOs based on market structure and demand response enrollments in wholesale…