Increased Focus on Clean Energy Prompts Wholesale Power Markets to Weigh Carbon Pricing

EnerKnol’s Visual Primer – Increased Focus on Clean Energy Prompts Wholesale Power Markets to Weigh Carbon Pricing

Carbon Market, Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Power & Utilities, PRODUCTS, REC Feed, Smart Grid, Wholesale Power

There is a growing interest in how carbon pricing can be incorporated into wholesale power markets as more jurisdictions embrace policy goals to transition to a lower-carbon power system. The Federal Energy Regulatory Commission has scheduled a technical conference to consider state adoption of mechanisms to price carbon emissions in regions with commission-jurisdictional electricity markets.

California Carbon Auction Rebounds, Generates $475 Million

California Carbon Auction Rebounds, Generates $475 Million

Carbon Market, Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Pulse, PRODUCTS, REC Feed

The twenty-fourth quarterly carbon auction held by California and Quebec sold nearly 89 percent of the carbon permits offered for current emissions, rebounding from a dip in the previous auction which sold only 37 percent, according to the results released on Aug. 25 by the California Air Resources Board. The auction generated about $474.4 million…...

100-Megawatt Solar Power Contract

Michigan Regulator Orders Utilities to File Distribution Plans to Advance Grid Modernization

EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, REC Feed, Retail Power and Gas, Solar, Wind

The Michigan Public Service Commission on Aug. 20 ordered DTE Electric Co., Consumers Energy Co., and Indiana Michigan Power Co. to file electricity distribution and maintenance plans consistent with the goals set forth in MI Power Grid – Michigan’s grid modernization initiative.  MI Power Grid,  launched in October 2019 with support from Democratic Governor Gretchen…...

EnerKnol Research AE Visual Primer Value of DER 2020 08 25 Blog preview

EnerKnol’s Visual Primer – Distributed Generation Compensation Evolves to Reflect Benefits With Greater Accuracy

Climate Change and Emissions, Energy Storage, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, Grid Modernization, PRODUCTS, REC Feed, Renewable Energy Credit Market, Renewables, Retail Power and Gas, Solar, Solar Power, Wholesale Power, Wind

Recently, state regulators have stepped up efforts to value distributed energy resources (DERs) more accurately while looking for ways to better reflect the costs they impose on the grid. Among recent actions, New York adopted a mechanism to move the market towards more cost-reflective rates, while California decided to include avoided transmission costs in the valuation, and Connecticut unveiled a study on quantifying the benefits of these resources.

U.S. Interior Department Leases in Arizona Solar Energy Zones Expected to Produce 825 Megawatts

New Jersey Examines Incentive Framework for Solar Successor Program

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, REC Feed, Renewable Energy Credit Market, Solar

The New Jersey Board of Public Utilities on August 11 released a draft report concerning the incentive levels required to support continued solar development while lowering costs to the state’s four million ratepayers. To attain incentive values that better align with the project types and maximize ratepayer savings, the report recommends transitioning away from the…...

U.S. Offshore Wind Industry Makes Strides as East Coast States Plan 5 Gigawatts of New Capacity

EnerKnol’s Visual Primer – U.S. Offshore Wind Industry Makes Strides as East Coast States Plan 5 Gigawatts of New Capacity

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Research Reports, EnerKnol Visual Primer, PRODUCTS, REC Feed, Renewable Energy Credit Market, Renewables, Wind, Wind Power

The offshore wind industry continues to progress in the U.S. with East Coast states proceeding with new solicitations to procure capacity to meet their ambitious goals. New York and New Jersey are seeking to add nearly five gigawatts alongside offshore port infrastructure. Massachusetts is considering a bundled solicitation for generation and transmission in its next round of procurement. The industry’s growth has prompted federal regulators to examine whether existing frameworks in regional transmission organizations can accommodate offshore wind integration.

New Jersey Board Joins Prominent U.S. Offshore Wind Research Organization

New Jersey Extends Budget for Energy Efficiency, Offshore Wind Programs to Aid Economic Recovery

Energy Efficiency, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, REC Feed, Wind

The New Jersey Board of Public Utilities on July 29 approved an extension of the state’s Clean Energy Program budget through the end of September, consistent with the state’s extended fiscal year. The extended budget will allocate a total of $7 million for the fifth quarter of Fiscal Year 2020 to support renewable energy, energy…...

Western EIM Benefits Q2 2020

Western Power Market Benefits Top $1 Billion

EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, REC Feed, Solar, Wholesale Power, Wind

The Western Energy Imbalance market generated about $79 million in savings in the second quarter of this year, with total benefits reaching about $998 million since its launch in 2014, according to a July 29 press release from the California Independent System Operator Corporation. The market constitutes an automated system that secures the lowest-cost energy…

U.S. Interior Approves 465 Megawatts of Solar Projects in California

Michigan Regulator Approves Consumers Energy’s Long-Term Renewable Power Contracts

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, REC Feed, Renewable Energy Credit Market, Solar

The Michigan Public Service Commission on July 23 issued six orders approving utilities’ renewable energy proposals, including eight power purchase contracts between Consumers Energy Company and the members of the Independent Power Producers Coalition of Michigan. The contracts are expected to reduce costs by nearly $2.6 million over the life of the contracts. Six of…...

New Jersey Board Joins Prominent U.S. Offshore Wind Research Organization

New York Launches Largest Renewable Energy Solicitation for Up To 4 Gigawatts of Capacity

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, REC Feed, Solar, Wind

New York Governor Andrew Cuomo, a Democrat, on July 21 announced solicitations seeking up to 4 gigawatts of renewable capacity, including 2.5 gigawatts of offshore wind and 1.5 gigawatts of land-based large-scale projects. In addition, a solicitation for $400 million in multi-port investment requires offshore wind generators to collaborate with any of the 11 prequalified…...

100-Megawatt Solar Power Contract

FERC Rejects Petition Seeking Federal Oversight of Net Metering

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, REC Feed, Solar

The Federal Energy Regulatory Commission on July 16 rejected a petition by the New England Ratepayers Association seeking federal jurisdiction over energy sales from rooftop solar and other distributed generation facilities on the customer side of the retail meter. The commission found that the association failed to identify a “specific controversy or harm” that should…...

Arkansas Decides to Retain Retail Rate Net Metering Through 2022

New York Adopts Net Metering Successor to Lower Cost Shift to Non-Solar Customers

EnerKnol Impacts, EnerKnol Pulse, REC Feed, Retail Power and Gas, Solar

The New York Public Service Commission on July 16 adopted a successor to net metering for residential and small commercial customers, establishing monthly charges that will apply to customers who install solar on or after Jan. 1, 2022. The decision addresses cost shifts identified in a December 2019 whitepaper which recommends changes applicable to mass…