Texas Governor Greg Abbott on Feb. 16 declared the reform of the Electric Reliability Council of Texas, or ERCOT, an emergency item in the current legislative session, following rotating outages resulting from extreme winter weather brought about by a polar vortex which primarily affected the Midwest and Southern regions of the U.S. Abbott directed the…...
ISO New England Inc.’s fifteenth annual forward capacity auction concluded with preliminary clearing prices ranging from $2.48 to $3.98 per kilowatt-month across different pricing zones, up from last year’s record low, according to the results released on Feb. 11. Clearing prices declined since peaking at $9.55 per kilowatt-month in 2015 and hit an all-time low…...
The Connecticut Public Utilities Regulatory Authority on Feb. 10 established a residential renewable energy program that will replace current net metering, as well as the residential solar incentive program starting January 1, 2022. The initiative creates tariff options for residential customers to buy products generated from a Class I renewable energy source located on their…...
The share of renewables in the U.S. power generation mix is expected to rise from 21 percent in 2020 to 42 percent in 2050, according to the U.S. Energy Information Administration’s 2021 annual outlook. The agency projects that renewable energy, driven by wind and solar power, will surpass natural gas to become the predominant source…...
