Week Ahead: NY’s Climate Plan, Strategic Petroleum Reserve Oil Release, CO Examines Community Choice
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Visual Primer: Utilities Expand Opportunities for Customer Participation in Carbon Mitigation Programs
Energy utilities across the U.S. are expanding opportunities for customers to participate in programs designed to reduce their carbon footprint. Green pricing options have been on the rise, encouraging consumers to meet a portion of their electricity needs from renewable energy resources. Carbon offset programs are becoming popular among natural gas utilities, allowing customers to compensate for their combustion-related emissions.
Senate Bill to Establish Critical Electricity Infrastructure to Accommodate Clean Energy
U.S. Senator Edward Markey (D-MA) introduced legislation on March 17, which aims to speed the development of clean energy by promoting competition, planning, transparency, and effective supervision of transmission networks. The bill titled Connecting Hard-to-Reach Areas with Renewable Powered Energy, or CHARGE, Act would establish reforms through the Federal Energy Regulatory Commission regulations or the…...
Visual Primer: Biden Administration Renews Focus on Social Cost of Carbon to Further Climate Action
Discussion around the social cost of greenhouse gases has drawn increased interest following the Biden administration’s renewed focus on establishing the climate metric for federal agencies to incorporate in their policy decisions.
U.S. Renewable Generation Capacity to More Than Double in 2050: EIA
U.S. power generation from renewables will expand from 21 percent in 2021 to 44 percent in 2050, according to a March 18 report from the U.S. Energy Information Administration. The growth in renewable energy can be attributed to a rise in new wind and solar power generation assets. Growth in wind and solar assets is…...
Visual Primer: Follow the Money – Infrastructure Disbursement Machine Takes Shape
The Infrastructure Investment and Jobs Act (IIJA), which represents the largest investment in U.S. infrastructure, includes major provisions important to the energy industry, ranging from building out the first national network of electric vehicle (EV) charging stations to modernizing the electric transmission grid and expanding clean energy.
Florida Legislature Approves Bill to Cut Solar Net Metering Compensation
The Florida legislature on March 7 approved a utility-backed bill that would phase down compensation for surplus power sent back to the grid by home solar customers by 50 percent from 2024 through 2028, and decrease further to the avoided cost rate by 2029. The bill would allow utilities to impose new charges on those…...