FOSSIL FUELS

Lease Area Proximity and Cost Improvements Support New York Offshore Wind Energy

Insight for Industry – Ongoing Technology Advances and Policy Actions Will Lower New York’s Offshore Wind Costs Global and domestic factors, combined with siting and transmission policies, innovative financing mechanisms, and infrastructure upgrades may allow New York to reduce offshore wind energy costs by 50 percent by 2022. Offshore wind energy cost reductions will enable…...

Declining Costs and Streamlined Processes Key to Domestic Wind Energy Growth

Insight for Industry – Capital-Intensive Wind Energy Projects Will Rely on Streamlined Processes and Supportive Policies Continued wind industry growth depends on near- and long-term actions that can facilitate continued cost reductions, add transmission capacity, and streamline permitting activities to complement government policies. Domestic wind deployment has increased in recent years despite low natural gas…...

Senate Oil Export Hearing Panelists Debate National Security and Limited Refinery Capacity

Insight for Industry – U.S. Crude Oil Export Restrictions Cause Refining Mismatch and Light Oil Price Discount The dramatic increase in domestic oil production over the past decade – facilitated by drilling technology improvements – has rekindled the crude oil export debate. Allowing crude oil exports would provide an additional market for light crude derived…...

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…...

Changes in Northeast Natural Gas Demands Challenge Pipeline Proposals

Innovative Plans Optimize Excess Pipeline Capacity during Spring and Fall Seasons Northeast natural gas demand is not consistent year-round. This challenges pipeline project developers to prove project necessity. However, developers are proposing enhancements to existing systems and innovative strategies to make use of potentially excess pipeline capacity. Some proposed options to optimize excess supply and…...

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…...

DOI Proposes Additional Regulations for Exploratory Drilling Offshore Alaska

The DOI has proposed additional regulations for exploratory drilling in the Alaska OCS to ensure that operators implement necessary measures – including integrated operations and spill-response plans – through all phases of offshore exploration. The oil and gas resource potential of the Alaska Outer Continental Shelf (OCS) has received considerable attention from industry. On February…...

NY PSC Orders All State Utilities to Implement Demand Response

Expansion of demand response across utility territories is expected to provide longer-term benefits by reducing energy costs, avoiding or deferring new infrastructure, and improving overall system reliability and resiliency.    Demand response (DR) programs have primarily focused on addressing peak loads and meeting reliability needs during system stress conditions.  On December 15, 2014, the New…...

ISO-NE Requests Continued Winter Reliability Programs over Market-Based Solution through 2018

ISO-NE insists that its Winter Reliability Programs are a cost-effective interim means for fuel assurance prior to implementation of its Pay-for-Performance market-based solution in 2018. The New England Independent System Operator (ISO-NE) currently relies on its Winter Reliability Program (WRP) to maintain electric system reliability and mitigate system operation challenges caused by natural gas constraints…....