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.)
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.
The industry may be getting some traction to fight municipal restrictions after the Texas Senate passed a bill that would prevent cities from placing restrictions on solar panels.
The Green New Deal that some Democrats are now championing is unlike anything this country has ever done before. But scientists have been studying policies like these for decades. And their research can tell us a bit about what might happen if we pass this sweeping new vision for climate action and economic equality.
The Green New Deal means different things to different people. In some ways, that’s part of its appeal. On the other hand, a Green New Deal can’t mean anything anyone wants it to, or it will come to mean nothing at all.
The promise of a Green New Deal has become a galvanizing force in United States politics, inspiring climate activists and building much-needed pressure behind a sweeping federal climate plan.
