- Dec 16, 2020 5:43 pm GMT
New Englander's have a long history of expressing themselves when it comes to matters that are important to the public, i.e. The Boston Tea Party, Shays Rebellion, and all matters energy related, like the article linked below. The energy transition in New England is having a profound effect on the regions wholesale electricity markets. The longer the situation is allowed to smolder, as described in the linked article, the more likely the region will fall behind other areas in achieving energy goals. Other areas, such as the Province of Ontario are moving forward by acquiring capacity through a capacity exchange that properly values Electric Generating and Demand Response resources for their contribution to grid reliability, while also supporting Green Buyer goals to take control over their energy goals, all while ensuring a reliable electric grid at a reasonable price point for all stakeholders.
ISO New England is currently researching two alternative approaches to address the issues described in the attached article. One option under consideration is a "carbon pricing" proposal, the other is called a "Forward Clean Energy Market", under development by Brattle Group. [NOTE: An earlier version of this article contained erroneous information, which I have removed - My apologies to my readers]
Anyone who believes that a carbon pricing solution is viable in New England, should carefully review the results of Alberta's System Operator 2019 Market analysis for "ground truth" showing no evidence that carbon pricing increases investment in renewable energy resources.
(Congratulations NEPOOL the new website looks great - much easier to navigate - Thanks).
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