Electric utilities are facing disruptive new technology trends that are altering their traditional relationship with residential customers, according to Navigant Research, and it's called distributed energy resources (DER), which are now more affordable and have stimulated growing interest and adoption by residential customers who see an opportunity for greater control of their energy consumption.
The petition states that GMP both counts the Renewable Energy Credits (REC) generated by these sources against Vermont's renewable energy goals while also substantially selling all of these RECs to out-of- state utilities who, in turn, count them against their mandatory Renewable Portfolio Standards (RPS). The result is that Vermont customers are misled into thinking that they are buying "renewable energy," when they are getting "null" electricity consisting of a mix of fossil fuel, nuclear, gas and other "brown" sources of electricity from the regional grid, according to the petition.
As a municipal utility, Roseville Electric is not required to purchase renewable energy to comply with legislation until 2020. However, in an effort to gain the buy-in of its customers, Roseville Electric offers "Green Roseville," a voluntary program for those customers wishing to support energy from regional renewable energy sources.
The New York City Department of Environmental Protection (DEP) has announced its plans to build a new 14 MW hydroelectric facility at the city's Cannonsville Reservoir in Delaware County to advance New York City's goal of developing affordable, clean and renewable energy supplies that support economic growth while reducing the city's overall carbon footprint
GlobalData expects offshore wind to become one of the largest renewable power market segments by 2020, with the UK, Germany and China making significant contributions due to a number of projects currently in the planning and construction stages.
A recent study by The Edison Foundation Institute for Electric Innovation, a 501(c)(3) non-profit organization, took a closer look at the subsidies created by net metering and other tax credits for a leased home solar system. In California, more than $20,000 worth of subsidies go toward a typical 4 kW rooftop solar photovoltaic system. Add in other federal tax credits, and solar systems are subsidized to the tune of more than $24,000-- much more than the cost of the actual installation.
Dominion has announced plans to acquire two solar energy projects from EDF Renewable Energy (EDF RE). The two California solar projects in question total 42 MW. These acquisitions would increase dominion's renewable energy generation and growth strategy, aligning with its portfolio of regulated and long-term contracted assets.
The U.S. Department of Energy's Office of Energy Efficiency & Renewable Energy has purchased two 20,000-pound buoys complete with the latest in meteorological and oceanographic equipment to enable more accurate predictions of the power-producing potential of winds that blow off U.S. shores. The buoys are expected to improve offshore turbine performance in the near term and reduce barriers to private investment in large-scale offshore wind energy development in the long term.
Duke Energy is making a major expansion of solar power in North Carolina-- to the tune of $500M-- culminating the utility's request for proposals (RFP) in February 2014 and furthering its commitment to renewable energy, diversifying its energy portfolio and meeting North Carolina's Renewable Energy and Energy Efficiency Portfolio Standard (REPS).
Joining the New York Power Authority (NYPA) and the New York State Public Service Commission (PSC), Central Hudson Gas & Electric Corporation and Iberdrola USA subsidiaries New York State Electric & Gas Corporation and Rochester Gas and Electric Corporation have challenged the Federal Energy Regulatory Commission's (FERC) decision to assess "unnecessarily high prices in the new capacity zone in the lower Hudson Valley," providing oral arguments in the Second Federal Circuit Court of Appeals in New York City.