Energy Exchange

What do the New Apple Watch and Home Energy Monitors have in Common?

By John Finnigan / Published: April 15, 2015

The new Apple Watch, which went on sale last Friday, is attracting huge attention. Among many other features, the watch will monitor your health by tracking fitness and activity, like the Fitbit. In its first day on the market, nearly one million were sold.

The popularity of this wearable device speaks to a larger trend happening in technology that one might call “life tracking”: the ability to track, analyze, and hone your personal activities through the use of connected devices. From fitness to finance, technology like the Apple Watch is enabling more choice and efficiency than ever before. And, just as fitness wearables monitor our personal activity, other devices can monitor our home energy activity – leading to an array of cost-saving and environmental benefits.

Home energy monitors

The Nest thermostat is one of the most well-known home energy monitors. It learns how you like to set your home temperature, and then automatically programs itself to follow your patterns.

For example, if you work an office job and are away from home nine to ten hours a day, the Nest thermostat may cycle the air conditioner down to increase the home temperature a couple of degrees during the day while you’re gone, and then automatically reduce the temperature an hour or so before you return to re-establish your preferred home temperature. Read More »

Also posted in Demand Response, Electricity Pricing, Grid Modernization / Comments are closed

4 Ways to Invest in the Low-Carbon Economy

By Peter Sopher / Published: April 13, 2015

Citigroup Inc. recently pledged $100 billion for lending, investing, and facilitating deals related to sustainability, renewable energy, and climate change mitigation. This is yet another sign that global capital markets are enormously interested in delivering capital into clean, renewable sources of energy. But you don’t have to be Citigroup to invest in the clean energy future.

The industry’s rapid growth presents an interesting diversity of long-term opportunities for individuals like you and me who might be looking to make investments in a low carbon economy.

Fueled by an increased demand for solar and wind energy, clean energy investment last year beat expectations, rising 16 percent to $310 billion worldwide, according to Bloomberg New Energy Finance (BNEF). Fortunately, this robust growth is representative of a general upward trend in clean energy investment over the past decade.

Although the vast majority of this money is coming from governments, corporations, and private equity and venture capital firms, people of all income levels can consider whether it is right for them to add clean energy to their investment portfolios. And, you don’t need millions in the bank to make these types of investments – any investor can consider whether to put their money to use through the four financial instruments described below. Read More »

Also posted in Energy Financing / Read 1 Response

Clean Mountain Air Brings Clarity to Energy Debate at Vail Global Energy Forum

By Andy Darrell / Published: April 10, 2015

Last month, I attended the Vail Global Energy Forum in Colorado. Billed as a “mini-Davos” of energy (studiously ignoring the Aspen crowd a few hours down the highway), that moniker may have felt aspirational when the conference launched three years ago. But, this year it paid off: momentum for frank dialogue and global innovation is building on the slopes of the Vail Valley.

Here’s my take on how the clean air of the mountains cuts through the hot air of energy debates to illuminate practical, actionable ideas.

Three big ideas drove the conference:

North American energy independence

Mexico, the United States, and Canada could, together, innovate their way to an energy marketplace that weakens dependence on overseas imports, scales up clean energy solutions, and charts a path to low-carbon prosperity. At times, the discussion was framed by the rise of unconventional oil and gas exploration (yes, “fracking”), collaboration around pipelines (yes, “Keystone”), and whether these could disrupt traditional geopolitical frames. Read More »

Also posted in Air Quality, California, Cap and Trade, Climate, Colorado, Energy Efficiency, Energy Financing, Methane, Natural Gas, New York, Utility Business Models / Comments are closed

In the Face of Extreme Drought, Australia (and possibly Texas) Undoes Best Strategy for Water Conservation: Clean Energy

By Kate Zerrenner / Published: April 8, 2015

Source: flickr/katsrcool Cowboys, frontier grit, accented English, and wild, wide open spaces are just a few of the similarities shared by Texas and Australia. Both places also have an energy-water problem. But, the good news for Texas is that it’s not too late for us to learn from Australia’s mistakes – and a few successes, too.

In July 2014, Australia abandoned its carbon price, which gave Australia, a country with one of the highest per capita emissions of any developed country in the world and uses even more coal than the United States, the largest carbon-price system in the world outside of the European Union. (That is, until California’s program took effect in January 2013—California has the first-ever economy-wide carbon market in North America, potentially linking to other sub-national, national and regional markets around the world.) Since then, the Australian government has been in talks to significantly scale back its renewable energy target (RET), and the months-long squabbling without resolution is threatening the country’s renewable energy sector.

Texas, whose drought started in October 2010, is now in its worst drought on record. And some Texas leaders are taking a similar, short-sighted path as Australia when it comes to rolling back successful clean energy initiatives – ones that could also save scarce water supplies. Currently in the midst of its biennial legislative session, Texas is considering bills that would scrap the state’s successful wind renewable portfolio standard and prevent the state from complying with the Environmental Protection Agency’s proposed Clean Power Plan (CPP), which establishes the nation’s first-ever limits on carbon pollution. Read More »

Also posted in Energy-Water Nexus, Renewable Energy, Texas / Read 2 Responses

Stakeholders Gather to Discuss How Time-Variant Electricity Pricing Can Work in New York

By Beia Spiller / Published: April 8, 2015

Last week, Environmental Defense Fund (EDF) co-hosted a successful forum on residential time-variant electricity pricing – which allows customers to pay different prices for electricity depending on when it is used – within the context of New York’s ‘Reforming the Energy Vision’ (REV) proceeding.’

Co-hosted with the New York Department of Public Service and New York University’s Institute for Policy Integrity, the full-day forum, “On the REV Agenda: The Role of Time-Variant Pricing,” brought together more than 150 regulators, utility executives, academics, and other stakeholders to explore how residential time-variant pricing works, what it can accomplish, and how best to implement it. Below is a recap of some of the high-level takeaways from the forum.

How time-variant pricing (TVP) works

One of EDF’s objectives has been to improve the efficiency of the electricity industry by pursuing a market-based approach to electricity pricing. In most well-functioning markets, the cost of making a product and its relative scarcity is reflected in the price. For example, a door is more expensive than the wood with which it is made in order to reflect the labor costs involved. Similarly, strawberries are more expensive during the winter because they are less abundant during that time. Customers understand that prices vary with production costs and over time, yet neither of these elements gets reflected in how residential customers currently pay for electricity.

Also posted in Electricity Pricing, New York, Utility Business Models / Comments are closed

Clean Energy Legislation in the Heartland Promises Jobs

By Dick Munson / Published: April 2, 2015

Clean energy advocates tend to maintain a bi-coastal focus. No doubt my California and New York colleagues often see their states as the bellwethers when it comes to new policy initiatives. But, real innovation is taking place in Illinois, a state that national clean energy advocates tend only to fly over.

For the next couple of months, Illinois’ legislative session will be in full swing, giving lawmakers the chance to craft policies that redefine an electric utility, establish markets that reward clean energy, and set the foundation for the Environmental Protection Agency’s proposed Clean Power Plan, which will put in place the nation’s first-ever limits on carbon pollution from existing power plants.

The best opportunity to achieve these goals is through legislation called the Illinois Clean Jobs Bill. This legislation is backed by a broad coalition of groups that, in the past, have found themselves at odds, but are now pulling in the same direction. Read More »

Also posted in Illinois, Jobs / Read 4 Responses