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Power & Utilities

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ISO-NE Details 2014/2015 WRP Resource Participation

January 15, 2015

ISO-NE’s current Winter Reliability Program boasts increased fuel and resource availability through a restructured and expanded compensation structure. On January 12, 2015, ISO New England (ISO-NE) released a report on the resource participation of its 2014/2015 Winter Reliability Program (WRP), a temporary out-of-market solution to maintain electric system reliability. ISO-NE expressed confidence that a diverse…...

Utilities Cancel Cape Wind Power Contracts

January 13, 2015

The Cape Wind Project faces a major setback after losing power purchase agreements with National Grid and NSTAR. On January 7, 2015, National Grid and NSTAR announced a decision to cancel their Power Purchase Agreements (PPAs) with Cape Wind, citing Cape Wind’s failure to meet the December 31, 2014 deadline to close financing.  Cape Wind…...

New EPA Clean Power Plan Rulemaking Schedule Delays Compliance Deadlines

January 9, 2015

The EPA Clean Power Plan and new generation source emission rule finalization to mid-summer 2015 pushes back compliance deadlines. On January 7, 2015, the Environmental Protection Agency (EPA) announced a revised schedule to finalize rulemakings for power plant emission standards under its proposed Clean Power Plan.  The EPA intends to finalize the rules by mid-summer…...

California Governor Outlines 2030 Renewable Energy Goals

January 8, 2015

The proposed increase to 50 percent by 2030 could also result in indirect boost to energy storage industries. In his inaugural address on January 5, 2015, California Governor Edmund G. Brown Jr. proposed new initiatives to expand the state’s emissions reduction efforts under the AB 32 climate law and establish the next set of objectives…...

Global Crude Supply Leads to Sharp Price Declines

January 7, 2015

Benchmark crude oil price declines may threaten domestic producers’ continued production growth. On January 5, 2015, the Energy Information Administration (EIA) released a report — drawing from the S&P Goldman Sachs Commodity Index (GSCI) — showing that energy commodity prices recorded the largest declines in 2014 compared to non-energy commodities.  Notably, the GSCI’s energy component…...

DOE Energy Efficiency Standards Projected to Save Consumers $78B

January 6, 2015

DOE’s efficiency standards will not slow demand, but could save up to $78 billion in electricity bills. On December 31, 2014, the Department of Energy (DOE) announced energy efficiency standards for general service fluorescent lamps (GSFLs) and automatic commercial ice makers (ACIMs), achieving its goal of finalizing 10 energy efficiency standards in 2014.  Together, the…...

New York RFP for Emissions Reduction Technologies Could Advance Regional, Nationwide Goals

December 31, 2014

$14.5M in funding supports market-ready emissions reduction technologies and is part a larger pool of more than $400M of Regional Greenhouse Gas Initiative (RGGI) proceeds that could help moderate future RGGI auction prices. On December 30, 2014, the New York State Energy Research and Development Authority (NYSERDA) announced $14.5M in funding to support market-ready technologies…...

Vermont Yankee Nuclear Plant Ceases Operations

December 30, 2014

The Vermont Yankee Nuclear Power Station has been officially disconnected from the grid. On December 29, 2014, the Vermont Public Service Department (PSD) announced the official closure of the Vermont Yankee Nuclear Power Station.  The plant began operations in 1972 and was acquired by Entergy in 2002.  Its current operating license expires on March 21,…...

[Report] 2014 Energy Policies Defined by Shift toward a Cleaner, More Reliable Grid

December 29, 2014

EPA’s Clean Power Plan, regional programs, and continued solar installation growth aim to improve state-level resource and grid reliability. The proposed Clean Power Plan and regional reliability programs will continue to influence an energy mix shift and electric system improvements in the coming years. The energy mix shift is also being pushed by fuel and…...

DOE Releases Energy Storage Safety Strategic Plan

December 24, 2014

The DOE’s Energy Storage Safety Strategic Plan recognizes the need for safety measures in the growing and 2015-projected $10B energy storage market. On December 23, 2014, the Department of Energy’s (DOE) Office of Electricity Delivery and Energy Reliability (OE) released the grid stability during deployment of  addressing gird-scale, utility, community, and residential storage technologies.  The…...

[Report] Demand Response Parity in Wholesale Markets Hinges on FERC 745 Outcome

December 22, 2014

Demand response (DR) performance in wholesale power markets has improved over the past six years, in part as a result of multiple FERC Orders. Removal of DR from organized electricity markets would favor generators through increased sales; this could lead to higher associated emissions and peak power prices. The Solicitor General has until January 15 to file…...

Arizona Utility to Launch Solar Program

December 19, 2014

Arizona’s Tucson Electric Power has received approval for a solar program that allows participants to use solar power with no installation or maintenance costs. On December 18, 2014, Tucson Electric Power (TEP) announced that it has received the Arizona Corporation Commission’s (ACC) approval for its Residential Solar Program – an program that allows customers to…...

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