New York opened its “Reforming the Energy Vision” (REV) proceeding earlier this year to re-examine the utility business model. As part of this proceeding, state regulators will also look into removing market barriers preventing greater deployment of distributed energy resources (DER), which are smaller-scale clean energy resources, such as energy efficiency, energy storage, and local, on-site generation.
In recent years, DERs have made great strides due to market reforms, advanced technologies, and declining costs. Despite these advances, DERs serve less than 1% of national electricity demand as the existing utility business model and regulatory policies still favor traditional electricity distribution from a centralized grid.
Though the REV proceeding is in its early stages, the Department of Public Service Staff (Staff) has provided guidance recommendations for eliminating these market barriers. Using the Staff’s filings, EDF has drafted a white paper that compiles a Top 20 list of the changes required before we will see greater use of DERs. If adopted, these recommendations would result in a sea change for incorporating DERs into New York’s electric system and would provide a template for other states to follow. Read More
By: Corina Solis, graduate of Yale University’s School of Forestry and Environmental Studies
The Alamo Colleges began participating in local utility company, CPS Energy’s Demand Response Program in the summer of 2013. This Demand Response Program is one of CPS Energy’s strategies to achieve its 2020 goal of saving 771 megawatts of energy. The Alamo Colleges participated in the program in order to take advantage of a significant rebate opportunity, which was a maximum of $120,600 in 2013 and is $130,650 in 2014. Rebates are based on the level of participation, and in 2013, the Alamo Colleges earned rebates totaling $103,000. Through a self-funding strategy, all of this money went back to the Alamo Colleges to pay for faculty and staff salaries.
As an extra benefit, while saving all of this money, the Alamo Colleges trim their carbon footprint each time they participate in demand response. Last year, the Alamo Colleges prevented 2,250 lbs. of CO2 from going into the atmosphere from its demand response participation. This year, the Alamo Colleges are contracted to prevent up to five and a half tons of CO2 from escaping into the atmosphere, which would otherwise take 140 tree seedlings ten years to naturally take out of the atmosphere. Read More
Earlier this week the Center for American Progress held an event to raise awareness about the impacts of methane. “Opportunities for Curbing Methane Pollution” brought together representatives from a wide spectrum of backgrounds: state and federal policy experts, environmental advocates, and labor. While each had their own reasons, be them safety, jobs, health, climate, all agreed that reducing methane emissions from the US oil and gas sector was both critical and possible. That sentiment was captured nicely by Judi Greenwald from the Department of Energy:
“For most people it’s primarily about methane and… these greenhouse gas reductions, but I think there are a lot of other [policy] drivers. In some instances it’s really the safety benefit that’s most important…. [And] there are a lot of other reasons to do this. So you get agreement on actions, but you might actually not get agreement on each [policy] driver.”
Reducing methane emissions is good for the climate
Carol Browner, Senior Fellow at the Center for American Progress and former Administrator of the Environmental Protection Agency, offered opening remarks during which she said methane is a “very serious climate problem” because of its potency as a greenhouse gas. Methane is 84 times more potent than carbon dioxide over a 20 year time frame and short-term climate forcers like methane will drive a significant portion of the climate change we experience in our lifetime. Read More
By: Tracy Phillips, ICP Technical Lead
There is a simple question that haunts building owners, energy services companies, and even utilities who invest in energy efficiency: “How do I know if I will really see the savings?”
To answer this question, EDF’s energy efficiency initiative, the Investor Confidence Project (ICP), is implementing a system that creates confidence in energy savings and cash flows.
Today, ICP is pleased to launch a new component of this initiative: the Project Development Specification. This product launch, along with the recently unveiled Software Provider Credential, is part of a larger effort by ICP to accelerate the development of a global energy efficiency market by standardizing how Investor Ready Energy Efficiency™ (IREE) projects are developed and verified leading to increased investor confidence in savings. Read More
Clean energy finance is thriving in New York State. This week, Governor Cuomo announced the New York Green Bank’s first set of deals, totaling an impressive $800 million in clean energy investments across the state. The projects funded by this investment will yield an impressive annual reduction of 575,000 tons of carbon dioxide emissions, roughly equivalent to removing 120,000 cars from the road or planting 15 million trees per year. This move helps cement New York’s role as a leading state in the clean energy economy.
By offering attractive interest rates and other incentives to stimulate interest from the private sector, green banks encourage investment in clean energy projects that may otherwise have difficulty obtaining private financing. Ideally, these initial deals then set the stage for an active and self-sustaining market in renewable energy and energy efficiency finance.
And the NY Green Bank is starting off swinging: its initial investment of $200 million catalyzed $600 million more in investment from prominent financial institutions, such as Bank of America Merrill Lynch and Deutsche Bank. Read More
Nobody likes being told what to do.
Gina McCarthy, head of Environmental Protection Agency, knows that. So she asked her agency to craft a plan that leaves it up to states to shape their energy future – as long as they cut carbon emissions from power plants.
Often lost in the heated debate over EPA’s Clean Power Plan, however, is the fact this built-in flexibility will also give a boost to clean technology ventures, and speed up energy innovations already under way in many states. It could bring down costs for consumers, and maybe even give a much-needed boost to our economy.
Here’s how. Read More