While wind and solar’s growth creates financial opportunity, they also open the door for new investment and customer savings from power use itself – a resource called demand response (DR). DR is a key market opportunity to save customers money and offer cost-competitive flexibility.
Wholesale electricity prices are at historic lows, threatening the underlying economics and fate of America’s existing nuclear fleet, just as many facilities are up for re-licensing. This leaves policymakers with tough choices on if — or how — they should intervene to save these plants. What’s a reasonable policymaker to do when considering nuclear power against the overall need for cheap, clean and reliable power?
There is considerable hullabaloo about the future of coal in America: Can it be resuscitated by slashing environmental protections, per the Trump Administration, or is it on a secular decline due to economics and other forces? And what energy policy strategies make sense for this changing environment?
The Trump administration has prioritized repealing the Clean Power Plan , but new analysis shows that repealing the rule would cost the U.S. economy hundreds of billions of dollars, add more than a billion tons of greenhouse gases to the atmosphere, and cause more than 100,000 premature deaths.
Has energy storage’s moment arrived, or is it still just around the corner? As technology costs decline while battery deployments proliferate, existing niche markets for storage will expand, opening new markets and value-streams.
In a recent meeting with U.S. auto executives, President Trump hinted his administration will try to roll back America’s fuel efficiency standards for cars and trucks. This would be a profound disservice to American consumers, military men and women, and the environment. By 2050, a rollback on these standards would cost America nearly half a trillion dollars, add billions of tons of carbon dioxide to the atmosphere, and cause thousands of premature deaths.
California’s cap-and-trade program is starting 2017 on a strong note ahead of its first quarterly auction on February 22. Despite an uneven performance last year, the state’s carbon market is strengthening through rising prices as legal certainty over its future takes shape.
Many states are examining a “value of solar” rate to resolve net energy metering disputes. However, by valuing only solar, they are missing the opportunity to take advantage of other growing distributed energy resources (DER) like energy efficiency, demand response, or energy storage.
The world is turning away from highly polluting, high-carbon energy sources, but America may be at risk of marching in the opposite direction. If we fail to take advantage of clean energy’s potential, we fail to control our fate. Let’s not forfeit our energy destiny to other countries.
Debates about the future of America’s electricity system have long centered on a binary choice between lowering costs or decreasing pollution. But that has changed. In many parts of the country, new renewables are simply the cheapest resource.