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.)
In electricity as in epidemics, "freedom to choose" often leaves low-income people in unhealthy settings. Houston is a competitive electricity market, like many across Texas. Yet roughly 87% of consumers stay with providers that routinely charge lower-income families an oversize share of their income for power. What's stuck?
What's on the horizon for New Jersey after the Covid-19 crisis? When we spoke with Joseph Fiordaliso, the president of the state's Board of Public Utilities, the vision includes electric cars and buses, wind turbines in the ocean, and busy factories making wind-energy equipment. A Newark native with a crackly...
Pennsylvania Governor Tom Wolf proposed Regional Greenhouse Gas Initiative (RGGI) legislation in the fall 2019 legislative season. By voting to join RGGI, Pennsylvania can reduce electricity rates, improve the state and regional economy, and make the state a leader in the global effort to combat climate change.
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.
Texas offers an instructive case study for the growth of renewable energy. Most of the state’s electricity is delivered through the deregulated Electric Reliability Council of Texas market. The state has long since surpassed its mandated renewable portfolio standard, so market dynamics dictate the ongoing pace of renewables growth. Nonetheless...
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.