Maryland Energy Storage Credits Create Model for States with Nascent Storage Markets

Maryland legislature has passed a bill (SB 758) establishing the nation’s first tax credits for energy storage systems. The legislation is well timed to support Maryland’s new renewable portfolio standard goals, reflecting the growing role of energy storage technologies in supporting the growth of renewables. Maryland could serve as a model for states exploring ways to bolster their nascent storage markets, as tax credits present a simpler alternative to mandates and incentives.

EnerKnol’s Visual Primer – Maryland Energy Storage Credits Create Model for States with Nascent Storage Markets

Maryland legislature has passed a bill (SB 758) establishing the nation’s first tax credits for energy storage systems. The legislation is well timed to support Maryland’s new renewable portfolio standard goals, reflecting the growing role of energy storage technologies in supporting the growth of renewables. Maryland could serve as a model for states exploring ways to bolster their nascent storage markets, as tax credits present a simpler alternative to mandates and incentives.

New Ohio Bill Adds to Nationwide Nuclear Subsidy Debate

Ohio SB 128 would create a zero-emissions nuclear resource program to subsidize the state’s nuclear plants for providing fuel diversity and environmental benefits. The proposal is similar to programs in New York and Illinois which are facing lawsuits for discriminating specific generating units and infringing on the Federal Energy Regulatory Commission’s authority over interstate electricity markets, underscoring the need for market-based solutions to drive the nuclear industry in future.

EnerKnol’s Visual Primer – New Ohio Bill Adds to Nationwide Nuclear Subsidy Debate

Ohio SB 128 would create a zero-emissions nuclear resource program to subsidize the state’s nuclear plants for providing fuel diversity and environmental benefits. The proposal is similar to programs in New York and Illinois which are facing lawsuits for discriminating specific generating units and infringing on the Federal Energy Regulatory Commission’s authority over interstate electricity markets, underscoring the need for market-based solutions to drive the nuclear industry in future.

Energy Policy Executive Order Bolsters Fossil Fuel Industry

President Trump has signed a sweeping executive order aimed to undo multiple climate regulations and agency actions that potentially burden the development of domestically produced energy resources. The most noted action of the order is a review of the Clean Power Plan, a central piece of the Obama administration’s climate agenda. The order also lifts the moratorium on federal coal leasing and calls for a review of existing regulations, including those governing hydraulic fracturing and methane emissions, which could significantly impact the oil and gas industry in the long term.

EnerKnol’s Visual Primer – Energy Policy Executive Order Bolsters Fossil Fuel Industry

President Trump has signed a sweeping executive order aimed to undo multiple climate regulations and agency actions that potentially burden the development of domestically produced energy resources. The most noted action of the order is a review of the Clean Power Plan, a central piece of the Obama administration’s climate agenda. The order also lifts the moratorium on federal coal leasing and calls for a review of existing regulations, including those governing hydraulic fracturing and methane emissions, which could significantly impact the oil and gas industry in the long term.

California Carbon Auction Results Reflect Lingering Market Volatility

Results of California’s February 2017 quarterly carbon auction continue to reflect overall market volatility over the past year, due to the ambiguity over the post-2020 cap-and-trade program and pending litigation over the program’s legality. A resolution of legal uncertainties and clarity over the future direction of the cap-and-trade program will increase market activity as participants perceive greater certainty.

EnerKnol’s Visual Primer – California Carbon Auction Results Reflect Lingering Market Volatility

Results of California’s February 2017 quarterly carbon auction continue to reflect overall market volatility over the past year, due to the ambiguity over the post-2020 cap-and-trade program and pending litigation over the program’s legality. A resolution of legal uncertainties and clarity over the future direction of the cap-and-trade program will increase market activity as participants perceive greater certainty.

New York Begins Transition from Net Metering to Value-Based Compensation for DER

The New York State Public Service Commission has issued an order adopting a new Value Stack pricing mechanism to compensate distributed energy resources in a more accurate and granular manner. The order marks an important first step in moving beyond net metering to a compensation structure that considers location and environmental benefits that were previously not quantified.

EnerKnol’s Visual Primer – New York Begins Transition from Net Metering to Value-Based Compensation for DER

The New York State Public Service Commission has issued an order adopting a new Value Stack pricing mechanism to compensate distributed energy resources in a more accurate and granular manner. The order marks an important first step in moving beyond net metering to a compensation structure that considers location and environmental benefits that were previously not quantified.

Ohio Grid Modernization Initiative Focuses on Customer Electricity Experience

The Public Utilities Commission of Ohio has announced a comprehensive review of technological and regulatory innovation to advance grid modernization. With continued growth in distributed energy resources and demand-side opportunities, the power industry faces the challenge of transitioning to a modern grid that addresses the demands of the evolving electric sector. Among other states where utility commissions have taken measures to address grid modernization, New York and California have garnered nationwide attention, setting the pace with significant progress towards necessary enhancements.

EnerKnol’s Visual Primer – Ohio Grid Modernization Initiative Focuses on Customer Electricity Experience

The Public Utilities Commission of Ohio has announced a comprehensive review of technological and regulatory innovation to advance grid modernization. With continued growth in distributed energy resources and demand-side opportunities, the power industry faces the challenge of transitioning to a modern grid that addresses the demands of the evolving electric sector. Among other states where utility commissions have taken measures to address grid modernization, New York and California have garnered nationwide attention, setting the pace with significant progress towards necessary enhancements.