House Overwhelmingly Approves Hydro, Wind Bill

June 14, 2016

In a near unanimous vote last Wednesday, the House backed a bill that would require utilities to enter into long-term contracts (15-20 years) for large-scale (1,200 megawatts) hydroelectric and offshore wind power in an effort to reduce the state’s reliance on natural gas and reduce carbon emissions. According to Rep. Thomas Golden of Lowell, the […]

Eversource: Summer 2016 Electricity Rates 25% Lower than Last Year’s Basic Service

May 17, 2016

Eversource has proposed new basic service rates beginning July 1, that would yield cheaper rates by over 25%. For medium and large commercial and industrial entities (rate classes B2, B3, G6 and G8) the fixed rate of 7.07 cents represents a decrease of 23% from last year’s basic service fixed average from July through December […]

Kinder Morgan Suspends NED Pipeline Project

April 22, 2016

On Wednesday, Kinder Morgan, a subsidiary of Tennessee Gas Pipeline Co., suspended any further work and spending on its Northeast Energy Direct (NED) natural gas pipeline project due to insufficient commitments from prospective customers. The company has neither the necessary resources nor an expectation of procuring them in order to continue to work on the […]

Massachusetts Legislators Strike a Solar Cap Agreement

April 6, 2016

On Tuesday, leaders of the Massachusetts House and Senate reached a deal to increase the level of solar energy that public and private customers can sell back to the grid by 3 percent. Additionally, the agreement stipulates a reduction in the value of new solar project incentives. The negotiations would also give utilities the ability […]

Emissions, Antarctica Ice Melt May Cause Sea Level Rise to Double by 2100

April 5, 2016

According to a study published in Nature last week, sea levels could rise twice as much as previously anticipated by 2100 if carbon dioxide emissions remain unchecked. Current consensus projects that sea levels could rise by just under a meter by the end of the century; however, this figure does not factor in a substantial […]

Crude Inventories at 80 Year High

February 18, 2016

U.S. crude inventories rose by 2.1 million barrels last week to 504.1 million barrels, a new weekly record high, the Energy Information Administration said. In monthly data, which don’t line up exactly with weekly data, inventories last exceeded 500 million barrels in 1930. Brought to you by your EarlyBird Power Market Research Team.

Supreme Court Retains Demand Response Mandate

February 11, 2016

On Monday, January 25, the Supreme Court reaffirmed a mandate created in 2011 by the Federal Energy Regulatory Commission (FERC) that requires utilities to pay energy consumers for reducing their electricity usage during peak demand. Electricity generators and utilities challenged the rule, asserting that FERC was overstepping its boundaries, but Justice Elena Kagan confirmed the […]

Grid Operators in New England and New York Improve Power Market Coordination

December 22, 2015

Through a joint effort, power grid operators in New England and New York have launched the Coordinated Transaction Scheduling System. The system will bring much efficiency to regions’ respective power grids along with the transmission lines that connect them. It will improve the exchange of electric energy over transmission lines and better the flow of […]

Congress Extends Renewable Energy Tax Credits

Last Friday, a divided Congress passed a budget deal that will continue to support the growth and development while spurring competition in the renewable energy market. President Barack Obama signed into law the Consolidated Appropriates Act, 2016 [Act] which extends and modifies investment tax credits for renewable energy developers and projects before phasing these credits […]

SunEdison’s Stock Falls 24% – Solar Giant Doubts Ability to Fund Construction of Future Assets

November 11, 2015

SunEdison Inc., the world’s largest renewable energy development company, saw its stock price slide 24% on Tuesday, November 10th. The U.S. solar company posted wider-than-expected losses compared to analyst’s projections. The stock went down to $5.91 after losing $1.49 (20.1 percent) during mid day trade on the New York Stock Exchange. Since hitting a year […]