The Energy Collective Group
This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.
Shared Link
Voluntary renewable energy can help utilities reach 100% clean targets faster - 3Degrees
As the stakes for decarbonization get higher, it’s both strategic and appropriate for the interaction between voluntary programs and utility targets to evolve. Policymakers are increasingly recognizing the role the voluntary market can play in a state’s path to achieving 100 percent clean energy, even explicitly carving out space for it. Similar thinking on the value of the voluntary market has led to creative program design that complements utility targets in many contexts. Utilities’ urgent need to decarbonize, coupled with the voluntary market’s growth, makes a compelling case for utility leaders to integrate their voluntary renewable energy programs into their clean energy plans.
The AOCE capacity market design leverages these voluntary capacity investments in Green Energy by Google, Facebook, Microsoft, Amazon and others to help meet State Energy goals in New England. NAESB is working on a standard REC "Master Agreement" to serve as a common model contract for utilities to provide voluntary REC's to Green Buyers. This will help utilities manage their REC accounting processes and simplify the terms and conditions for voluntary REC procurement nationwide.
NARUC is also hosting a session on 12/3 discussing how States can achieve their energy goals with the help of green buyer capacity purchases; I'm planning to attend.
Voluntary renewable energy can help utilities reach 100% clean targets faster - 3Degrees
There’s a groundswell of utilities across the U.S. pursuing decarbonization targets. Seventeen large investor-owned utilities have now pledged to reach 100% clean electricity or net-zero emissions, on timelines of 30, 20, and even just 15 years from now
- Gas-Electric Harmonization Initiative in NAESB is on track to succeed
- FERC commissioners pursue market, non-market answers to ISO-NE’s ‘dire’ winter reliability risks
- Utilities That Lack a Data Analytic Platform are Driving Blind and at Risk
- OMB Memo Identifies Best Practices for Software Supply Chain Protections
Discussions
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Your access to Member Features is limited.
Sign in to Participate