How COVID-19 Is Affecting Energy Peaks

The ongoing COVID-19 pandemic has changed the course of how businesses of all sizes operate, most directly reflected by changes in their energy consumption patterns. Measures being implemented to flatten the hospitalization capacity curve have also flattened peak energy consumption times as seen below, shaving off the peaks. This indicates the peak is happening at….

Eversource to Acquire Columbia Gas Assets

On February 26, 2020, Eversource announced a deal to purchase all $1.1B of Columbia Gas assets from their parent company NiSource, setting the stage for their operations to be managed by the largest energy player in the New England area. This means electric customers who also received Columbia Gas service will be controlled by a….

Natural Gas Prices Fall Below $2

During the winter season, gas prices typically skyrocket as people begin making use of heating, yet this has not been the case recently. Weather phenomena this winter have proven to be very mild when compared to prior years, leading to a surplus of natural gas supply, and a falling of prices. This past Tuesday, natural….

Massachusetts Municipalities Seek to Ban New Natural Gas Connections

Last month, Brookline approved legislation banning natural gas hookups for new buildings, giving the idea for other cities to consider this. Recently, the towns of Cambridge, Newton, Lexington, Arlington, and 12 others have held meetings to discuss implementation of the same. Proponents for the initiative argue that a shift in technology is needed at the….

MA to Reach 1.6 GW Offshore Wind Capacity Requirement

Last week, the Baker administration and three utilities unanimously selected Mayflower Wind to provide 804 MW of clean offshore wind capacity to Massachusetts, which is enough capacity to power approximately half a million homes. With this selection, the state is poised to reach the 1.6 GW of offshore wind capacity required by a 2016 state….

Federal Solar Tax Credit to Reduce in 2020

The federal solar tax credit, formally known as the solar Investment Tax Credit (ITC), is set to reduce in 2020. Given that it is mid-to-late October, this means you only have two months or so to take advantage of the credit before it reduces. Until 2020, the credit is equal to 30% of the qualified….

California and New England behind on 2050 emission reduction goals

Even though California and New England are two parts of the United States most committed to reducing greenhouse gas (GHG) emissions, they are behind on their 2050 goals, according to several recent reports. For example, California aims to reduce emissions by 80% below 1990 levels by 2050. A report from Next 10 released on October….

ISO-NE: New England Energy Constrained

According to ISO-New England’s 10-year assessment of the region, New England’s electric grid is energy constrained. In its draft 2019 Regional Assessment Plan, ISO, which operates New England’s power grid, detailed the constraints facing the region: while the region is becoming cleaner and more efficient—and it has seen coal, nuclear, and oil generation retire—it still….

Quebec-to-MA Hydropower Project Gains Steam

Last February, the New Hampshire Site Evaluation Committee (SEC) denied an essential state permit for Northern Pass Transmission, an Eversource project that would bring hydropower from Canada to Massachusetts. At the time, the denial appeared to call the project into question. But the conversation has shifted from New Hampshire to western Maine and the $950….

ISO-NE Forward Capacity Auction shows surplus capacity for 2022 – 2023

The recent ISO – New England forward capacity auction conducted on February 4th corresponding for the period of 2022 – 2023 resulted in a clearing price of $3.80/kW/month, an 18% price reduction from last year’s auction of $4.63/kW/month for 2021 – 2022. This comes as very positive news, quelling the unsettling predictions on shortage of….