On Monday, June 5, the Massachusetts Department of Energy Resources (DOER) filed 225 CMR 20.00, an emergency regulation with the Secretary of the Commonwealth to implement the Solar Massachusetts Renewable Target (SMART) Program. The SMART Program is designed to establish a statewide solar incentive program to encourage the continued use and development of generating units….
Last week, Rep. Mark Romanchuk (R) introduced legislation (House Bill 247) that would give Ohio full electric deregulation. The legislation would force utilities to base customer rates on wholesale power market prices, and, in the process, replace Ohio’s current electric power regime. Since 2008, Ohio has been run by the Energy Security Plan (ESP), which….
On May 11, Sens. Edward J. Markey (D-Mass.), Sheldon Whitehouse (D-R.I.), and Rep Jim Langevin (D-R.I.-2) announced the “Offshore Wind Incentives for New Development Act” or the “Offshore WIND Act.” If passed, the Offshore WIND Act would extend the 30 percent investment tax credit (ITC) under Section 48 of the Internal Revenue Code for offshore….
National Grid has filed with the Massachusetts DPU new basic service rates for residential, commercial, and industrial customers effective May 1, 2017. Taking into account pending changes to National Grid’s Basic Service Administrative Cost Adjustment Factors (BSACFs) and Smart Grid Customer Cost Adjustment Factors (SGCCFs) which are the subject of another proceeding, the new rates….
Last week, Scott Pruitt, head of the Environmental Protection Agency (EPA), indicated that he does not think carbon dioxide is a significant contributor to global warming. In an interview with CNBC, Pruitt suggested that we do not know yet whether carbon dioxide caused by human activity is a primary contributor to global warming. Pruitt’s suggestion….
ISO New England, the operator of New England’s power grid, reported last week that 2016 wholesale electricity prices in the region fell to their lowest since 2013. Cheap natural gas and lower consumer demand for electricity contributed to the fall in prices. ISO New England noted that, according to the Energy Information Administration, 2016 natural….
ISO-NE Acquires Low-Priced, Surplus Capacity Last Monday, ISO New England’s annual Forward Capacity Auction (FCA) for 2020-2021 yielded low capacity prices. ISO-NE, the New England electricity grid operator, holds FCAs three years in advance to ensure that the grid has sufficient resources to meet electricity demand. In past years, the clearing prices have been quite….
Massachusetts Governor Charlie Baker’s Department of Environmental Protection has drafted a new clear air regulations proposal. The proposal would aim to reduce greenhouse gas emissions further after MA’s Supreme Court ruled the state was not doing enough to cut them. Under the proposal, utilities would have to purchase generation credits from zero-carbon sources at 16….
The University of Texas Austin’s Energy Institute recently published an interactive map that reflects the country’s movement away from coal. It illustrates what kinds of power plants are cheapest to build in every county in the continental United States. For most of the country, the lowest-cost plants are natural gas combined cycle plants (in red),….
This December, the Associated Industries of Massachusetts Business Confidence Index (BCI) hit its highest level since December 2004. The BCI rose 2.3 points from 58.1 to 60.4 last month, a figure that has experienced increases in the Commonwealth in each of the last four months. It is also 5.1 points higher than it was in….