Energy Exchange

The Cheapest Way to Cut Climate Pollution? Energy Efficiency

By Lauren Navarro / Published: June 16, 2014

This blog post was co-authored by Kate Zerrenner, an EDF project manager and expert on energy efficiency and climate change.

On June 2, the U.S. Environmental Protection Agency made a historic announcement that will change how we make, move and use electricity for generations to come.

For the first time in history, the government proposed limits on the amount of carbon pollution American fossil-fueled power plants are allowed to spew into the atmosphere.

There are two clear winners to comply with the plan while maintaining commitment to electric reliability and affordability: energy efficiency and demand response.

We’re already seeing pushback from some of our nation’s big polluter states, such as West Virginia and Texas. But the truth is that while the proposed limits on carbon are strong, they’re also flexible.

In fact, the EPA has laid out a whole menu of options in its Clean Power Plan – from power plant upgrades, to switching from coal to natural gas, and adopting more renewable energy resources. States can choose from these and other strategies as they develop their own plans to meet the new standards.

That said, there are two clear winners on the EPA’s menu that offer low-cost options for states that seek to comply with the plan while maintaining their commitment to electric reliability and affordability: energy efficiency and demand response. Read More »

Also posted in California, Clean Energy, Demand Response, Energy Efficiency, Renewable Energy / Tagged Clean Power Plan | Read 1 Response

Is Residential Solar on the Rise in Texas?

By Marita Mirzatuny / Published: June 12, 2014

Last week, I wrote about the continued success of Texas’ wind energy industry, but the growth in solar is also impressive. Nationally, solar energy accounted for 74 percent of all new electric generation in the first quarter of 2014. Plus, residential solar installations surpassed commercial projects for the first time in history earlier this year. This is significant, proving that more homeowners are making the switch and investing in a cleaner energy supply.

According to the Center for American Progress, “more than 60 percent of solar installations are occurring in zip codes with median incomes ranging from $40,000 to $90,000.” This is an important revelation as the price of solar comes down quickly, projected to be cost-competitive with fossil fuels by 2020, more homes can and will add solar panels. In fact, experts expect more than half of all American homebuilders to offer rooftop solar as an option in new single-family homes by 2016. That’s a significant uptick from just 12 percent in 2013.

These findings make clear that people are taking their energy use into their own hands, highlighting the power of people in the new energy landscape, where customer-centric demand-side resources – rooftop solar, energy efficiency, demand response (which compensates electricity customers for conserving energy), electric vehicles, and energy storage- will play a key role. I discussed this trend in a radio interview with Voice of Russia a few weeks ago in a segment entitled Whole Home Automation: Promising for Consumers and Climate. Read More »

Also posted in Clean Energy, Renewable Energy, Texas / Tagged PACE | Comments are closed

Clean Energy Finance 101

By Rachel Neil / Published: June 5, 2014

Library of Congress, Prints and Photographs Collections.

As innovative energy products and services come to market, so do new mechanisms to fund them. And existing funding options become more popular. This has resulted in a boom of finance jargon, especially regarding energy efficiency and renewable generation. Though many of the finance terms used in clean energy finance are similar to those used in traditional finance, it’s easy to get lost. We hope this glossary will help those in clean energy navigate the new and growing world of clean energy finance.

Asset Class: A grouping of similar types of investments that behave similarly in the marketplace and are subject to the same laws and regulations. Broad examples of asset classes include:

Equities (also known as stocks) – assets that represent ownership of part of a company.
Bonds – assets that guarantee a fixed payment stream.

Bonds are often further categorized based on structure or source of the payments. Examples of these subclasses include municipal, corporate and mortgage bonds. Read More »

Also posted in Clean Energy, Electricity Pricing, Energy Efficiency, Energy Financing, On-bill repayment, Renewable Energy / Read 2 Responses

In NJ Settlement, EDF Fights to Strengthen the State’s Energy Infrastructure

By John Finnigan / Published: June 5, 2014

By Jukka Isokoski via Wikimedia Commons

The recent Energy Strong settlement between New Jersey regulators and Public Service Electric & Gas (PSE&G), the state’s largest utility, should help reinforce vulnerable energy infrastructure ahead of future severe storms. Last month, the Board of Public Utilities (BPU) agreed that customers could fund $1.2 billion in PSE&G improvements to New Jersey’s electric grid to make it more resilient and efficient. As a participant in the case, EDF was encouraged that PSE&G agreed to necessary changes to its grid to protect against more extreme weather events.

PSE&G, which had originally asked for $2.6 billion in storm-related hardening funds, submitted its Energy Strong proposal to regulators in the wake of Superstorm Sandy, which knocked out electricity for a third of homes and businesses in the state for weeks.

The BPU denied EDF and other environmental organizations full intervener status, preventing us from mounting a full case that would have included expert witnesses on proven climate science and the increased likelihood of future superstorms, the pressing need to take aggressive action to make our existing electric and gas distribution grids more resilient, and the need to transition to a smarter, more decentralized energy system. Although our status in the case was limited by the BPU’s decision, we managed to argue for and win some positives for the environment: Read More »

Also posted in Clean Energy, Energy Efficiency, Methane, Natural Gas / Read 1 Response

Power Plant Rule a Tipping Point for Clean Energy Economy

By Cheryl Roberto / Published: June 3, 2014

For those of us (and all of you) who’ve been urging the government to implement meaningful climate policy, the release yesterday of a plan to cut carbon emissions from power plants has been a long time coming. But it finally came.

The U.S. Environmental Protection Agency’s proposed carbon pollution rule for existing fossil-fueled power plants – also known as the Clean Power Plan – are a huge win for our climate.

We also think it could go down in history as the tipping point in our nation’s transition to a clean energy economy. Here’s why:

Old, dirty power plants will be retired

The nation’s fleet of coal-fired power plants is the single largest source of carbon pollution in the U.S. and one of the largest in the world. Placing carbon regulations on this source of electricity for the first time in history will transform our energy system. Read More »

Also posted in Clean Energy, Clean Power Plan, Climate, Demand Response, Energy Efficiency, Renewable Energy, Utility Business Models / Comments are closed

Why You Only Get 25% of the Electricity You Pay For

By Ronny Sandoval / Published: May 28, 2014

What would you say if I told you that about three-quarters of what you spend on electricity every month is wasted? Considering that Americans spend about $350 billion on electricity annually, I hope you’ll find this as shocking as I do.

From generation to delivery to consumption, inefficiencies at every step of electricity’s journey add up to a lot of waste. Fortunately, these same conditions present us with opportunities to substantially reduce inefficiencies and their associated economic, social, and environmental impacts.

Generation: Energy is wasted at the source

Today, the majority of the electricity produced in the United States originates from fossil fuels, including coal and natural gas. According to the United States Environmental Protection Agency, these plants are only about 33 percent efficient, and “two-thirds of the energy in the fuel is lost — vented as heat — at most power plants in the United States.” Read More »

Also posted in Clean Energy, Energy Efficiency / Read 2 Responses