EDF’s California Dream 2.0 Blog Is Moving

“As California goes, so goes the nation.”

The popular saying came about because of California’s penchant for pioneering innovative solutions that tend to catch on across the country. And in no case is that more true than with the type of environmental issues that California confronts on a daily basis.  In fact, efforts to protect and enhance the environmental quality in California are so critical to EDF’s larger programmatic work, it’s rare we don’t mention them to various stakeholders across the nation, not just those within the state’s borders.

For that reason, we’re combining EDF’s California-specific blog with content developed on environmental issues in other states and countries – creating a more holistic look and feel for our readers seeking to understand more about pressing environmental issues and solutions.

Readers of our California content will still get insights and see our discussion on California issues, but they’ll do it on EDF’s other great blogs: Energy Exchange, Climate Talks (global climate), and Climate 411 (U.S. climate).

We’ll make the switch on Thursday, March 31. If you are a regular visitor to California Dream 2.0, please take some time to explore and subscribe to our other blogs and follow our California-specific work on Twitter at @EDF_CA. This will keep you informed on the great work we’re doing here in the state, that’s complementing – and influencing – our work across the globe.

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California and Quebec’s Carbon Auctions Sail into 2016

The results of California and Quebec’s carbon market auction released today show that the market can operate as designed and continue sailing along.

Participants in the Feb. 17th auction, California and Quebec’s 6th joint auction, had an opportunity to bid on over 81 million carbon allowances. Of those:

  • 71.5 million of those allowances were current vintage allowances (2016 and earlier), which regulated businesses can use this year or in any future year for compliance. 95% of current vintage allowances sold at the minimum floor price of $12.73. In the November 2015 auction, prices anticipated the 2016 floor price and sold at $12.73 although the floor price was about 60 cents less.
  • Just over 10 million of those allowances are only available for use in 2019 and after. 93% of the 2019 vintage allowances sold at the floor price of $12.73.

These results show steady prices and average participation by regulated businesses. It is somewhat unusual that some current allowances did not sell at this auction. However, these auction results demonstrate an important feature of the California-Quebec market that safeguards against large price swings like those seen in other commodity markets: a minimum price floor in every auction that increases steadily each year. Read More »

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After the Aliso Disaster: Less Gas Storage, More Clean Energy Through Increased Market Efficiency

By: Mark Brownstein & Tim O'Connor4157619250_29ac89191b_o

The nearly four-month disaster at the Aliso Canyon storage facility owned by Southern California Gas Company has spurred widespread calls to close the sprawling underground reservoir, and cast intense scrutiny on the 13 other similar facilities around California. But others, including Governor Jerry Brown and key state agencies, say the facilities may be needed to keep the electric grid running reliably.

Ironically, one reason for dependence on this fossil fuel is California’s renewable energy boom.

As things currently stand, there aren’t enough responsive resources on the grid to simultaneously manage the large daily swings in consumer electricity demand typical in California and swings in renewable energy output due to variations in time of day and weather.

A more robust grid in combination with innovative energy storage and energy management technology will eventually reduce these swings, but may take decades to fully deploy.  Until then, fast-acting gas-fired generation is necessary for balancing system operations. This has become a rallying cry for SoCalGas and the rest of California’s oil and gas industry in the wake of Aliso Canyon. Read More »

Posted in General, Methane, Natural Gas| Comments are closed

6 successes from California and Quebec’s third year of cap and trade

CA sunsetThe joint carbon market in California and Quebec holds its first carbon market allowance auction of 2016 today.

The auction offers a good opportunity to reflect on some of the notable successes of the market in 2015.

The California-Quebec market is one of the prime examples of a successful carbon market that many countries will look to as they consider how to meet the commitments made in Paris, where countries successfully negotiated an ambitious climate deal that outlines multiple pathways for nations to use markets to meet their long-term goals.

Here are the top six successes of California and Quebec’s carbon market in 2015, in no particular order. Read More »

Posted in Cap and trade, Cap-and-trade auction results, Climate, General, Global Warming Solutions Act: AB 32| Comments are closed

Moms Know What’s Best: How Time-of-Use Electricity Pricing can Benefit California Families

mcaf listenedCalifornia’s “big three” utilities, at the behest of state regulators, are in the process of examining and improving how they price electricity, including something called time-of-use (TOU) electricity pricing. This option – which rewards people who shift some of their electricity use to times of day when clean energy is abundant and electricity is cheaper – can help California families create safer communities while saving money on their utility bills. Mom’s Clean Air Force California mom Linda Hutchins-Knowles agrees, and recently wrote this opinion piece in the San Jose Mercury News encouraging others to adopt TOU.

Linda, like many moms, wears multiple hats. As a mother, she wants to help leave her children a safer, more sustainable word. As an advocate, she supports increasing our use of clean energy over dirty fossil fuels to help clean our air and environment as a whole. Finally, as a consumer, she wants to do these things without breaking the bank. Read More »

Posted in Clean Energy, Electricity Pricing, Energy, General| Tagged , , , | Comments are closed

3 Ways to Improve California’s Time-Of-Use Electricity Pilots

Jay Godwin photo - 07/31/2015 Location: The Mueller community in Austin, Texas. Caption: Mueller resident Dennis Nick is a Pecan Street program participant. He has solar collectors on his roof and an electric car in his garage. Information about his energy use can be accessed through mobile apps and on the web.California’s big three utilities – San Diego Gas & Electric (SDG&E), Pacific Gas & Electric (PG&E), and Southern California Edison (SCE) – serve approximately 80 percent of the state's residential customers, which is why their recent move to update the state’s antiquated electricity pricing could be a game-changer for helping the state achieve its climate and clean energy goals.

In late December, while most people were on holiday, the utilities submitted plans to the California Public Utilities Commission (CPUC) to assess electricity prices that vary with the season and time of day. These plans detail the next two years of piloting time-of-use (TOU) pricing for most residential customers, and will help California reduce pollution and increase renewable energy production. Read More »

Posted in Clean Energy, Energy| Tagged , , , , , | Read 2 Responses
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    How California can leverage market-based environmental policies to revitalize its economy, protect its quality of life and retain a leading edge in global innovation.

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