The New Jersey Board of Public Utilities must take a hard look at the ratepayer impact of nuclear subsidies as the state’s reentry into the regional carbon market and pending wholesale market initiatives will likely increase revenue for the nuclear units receiving zero emission credits, or ZECs, according to the Division of Rate Counsel. Those…
DetailsThe New York State Energy Research and Development Authority executed 25-year contracts with Equinor Wind US LLC and Sunrise Wind LLC for nearly 1.7 gigawatts of offshore wind at an average all-in development cost of $83.36 per megawatt-hour in 2018 prices, according to an Oct. 23 announcement. The agency also released a report on the…
DetailsThe New York State Energy Research and Development Authority and the Department of Public Service on Oct. 21 released a final plan revising the method used to calculate load-serving entities’ payment obligations under the zero emission credit, or ZEC, program that compensates nuclear plants for carbon-free electricity production. The plan establishes a flexible, “pay-as-you-go” model…
DetailsThe New York State Public Service Commission adopted new cybersecurity and data privacy requirements for third-party energy suppliers and companies that electronically receive and exchange utility housed customer data, according to an Oct. 17 press release. The commission’s decision is directed at the state’s utilities and third-party energy suppliers with standards that ensure customer data remains…
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