Developments in U.S. carbon markets reflect new progress as states reinforce their commitment to emissions-trading programs despite receding federal climate action. Amid rising auction prices, states and regions are extending their programs beyond the next decade, signaling resilience and renewed confidence in market-based climate initiatives.
The U.S. offshore wind sector is navigating a shifting policy environment amid recent federal actions, which have slowed momentum and increased market uncertainty. These actions have led developers to…Read the full report…...
The U.S. offshore wind sector is navigating a shifting policy environment amid recent federal actions, which have slowed momentum and increased market uncertainty. These actions have led developers to reassess their timelines and commitments, rendering state efforts and long-term planning increasingly critical.
The Arizona Corporation Commission on Aug. 14 voted unanimously to begin the process for repealing the Renewable Energy Standard and Tariff, or REST, rules. Established in 2006, the rules require the state’s electric utilities to source a certain percent of their electricity from renewable energy resources, reaching 15 percent by 2025. The state’s two largest…...
The Department of the Interior on Aug. 7 initiated a full review of offshore wind energy regulations to ensure they align with the Outer Continental Shelf Lands Act and the nation’s current energy priorities under the Trump administration. The review will focus on the Renewable Energy Modernization Rule, financial assurance requirements, and decommissioning cost estimates…...
Across the U.S., states are accelerating efforts to deploy large-scale energy storage through streamlined permitting, competitive solicitations, and…Read the full report …...
Transmission planning efforts across the U.S. increasingly reflect a focus on regional coordination and proactive infrastructure buildout, driven by rising energy demand and electrification. The Federal Energy Regulatory Commission’s (FERC) latest update to its…Read the full report …...
PJM Interconnection LLC’s capacity market auction for the 2026/2027 delivery year cleared at $329.17 per megawatt-day (MW-day), nearly 22 percent higher than the clearing price in the previous auction. The clearing price hit the cap recently approved by the Federal Energy Regulatory Commission (FERC) to…Read the full report…...
PJM Interconnection LLC's capacity market auction for the 2026/2027 delivery year cleared at $329.17 per megawatt-day (MW-day), nearly 22 percent higher than the clearing price in the previous auction. The clearing price hit the cap recently approved by the Federal Energy Regulatory Commission (FERC) to bring stability to the market after last year’s unprecedented ninefold price surge.
The New York State Public Service Commission on July 17 directed Central Hudson Gas & Electric Corporation to implement new measures over the next three years to reduce natural gas usage in its service territory. The order, issued as part of the utility’s final long-term gas plan, requires the company to develop pilot demand response…...