The New York Public Service Commission on Jan. 16 issued an order authorizing the state’s Energy Research and Development Authority to offer an index renewable energy credit price option in addition to the traditional fixed-price in future solicitations for long-term renewable energy contracts. The new pricing structure, expected to reduce risks for developers and lower…
DetailsThe New York Public Service Commission on Jan. 16 adopted a three-year rate plan for Consolidated Edison Company of New York Inc., allowing the utility to increase electric and gas rates annually through 2022. The agency authorized a first-year electric revenue increase of about $113 million, or 3.1 percent, down from the original request of…
DetailsDemocratic Governor Gina Raimondo signed an executive order on Jan. 17 setting a goal for the state to source all of its electricity from renewable resources by the end of 2030. The order directs the state’s Office of Energy Resources to conduct an economic and energy market analysis and develop policies and programs to attain…
DetailsAbout 42 gigawatts of new power generating capacity is expected to come online in 2020, with solar and wind accounting for almost 32 gigawatts of the capacity, according to a Jan. 14 report from the U.S. Energy Information Administration. Wind represents the largest share at 44 percent, followed by solar at 32 percent and natural…
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