The parent company of renewable generator Avangrid has offered to buy PNM Resources, broadening its footprint from Texas to New Mexico. (Note: One of CBEY's team members has provided consulting services to Avangrid.)
The program is a "bridge" between the Solar Renewable Energy Certificate and "a yet-to-be determined successor incentive program," the New Jersey Board of Public Utilities said in a statement announcing its decision. New credits established under the program, Transition Renewable Energy Certificates, will be capped at a fixed price over a 15-year contract.
A study by Texas Advanced Energy Business Alliance identified two ways distributed energy resources can reduce costs: act as non-wires alternatives to avoid investment in tranmission and distribution ($2.45 billion over ten years), and decrease peak energy costs in the wholesale market which is worth $3.01 billion.
Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a feature, not a failure, of the market.
In January 2019, the District of Columbia passed the most ambitious clean energy legislation in the nation. However, local climate activists say the hard work is just beginning — they want to know who will lead the DC
and whether the law will benefit the least-privileged residents of the District.