The following report provides a monthly summary of proposed and recently enacted legislative and regulatory policy affecting the renewable energy markets in the United States. It also serves as the first iteration of a Karbone renewable energy policy commentary series. The series will be updated regularly on a monthly basis.
Nevada RPS Expansion on the Ballot this November
The following report provides a monthly summary of proposed and recently enacted legislative and regulatory policy affecting the renewable energy markets in the United States. It also serves as the first iteration of a Karbone renewable energy policy commentary series. The series will be updated regularly on a monthly basis.
U.S. Renewable Energy Monthly Policy Round-up
The following report provides a monthly summary of proposed and recently enacted legislative and regulatory policy affecting the renewable energy markets in the United States. It also serves as the first iteration of a Karbone renewable energy policy commentary series. The series will be updated regularly on a monthly basis.
Decoding the MA SREC-II Forward Outlook: Compliance Year 2018 in Focus
Last week, the Senate introduced a revised version of HB114, maintaining the RPS mandate but reducing the non-solar requirement to 8.5% and solar requirement to 0.34% by 2022, and keeping it as such before ending the program entirely in 2027. HB114 also loosens the siting requirements for wind projects, seeking to invite investors back to developing in OH.
Ohio Buck(eye)ing the Trend? New Proposal to Weaken RPS
Last week, the Senate introduced a revised version of HB114, maintaining the RPS mandate but reducing the non-solar requirement to 8.5% and solar requirement to 0.34% by 2022, and keeping it as such before ending the program entirely in 2027. HB114 also loosens the siting requirements for wind projects, seeking to invite investors back to developing in OH.
New Jersey Governor Signs A3723: Bill to Increase RPS Obligation in Becomes Law
Today, May 23, 2018, New Jersey Governor Phil Murphy finally signed Bill A3723, new legislation to support the states’ renewable energy market. The bill originally passed both houses on April 12th after initially being introduced on March 22nd. Broadly endorsed by clean energy advocates, the legislation ramps up SREC and Non-Solar Class I REC obligations with ambitious targets through the course of the next decade.
Mixed Renewable Policy Package: Connecticut Legislators Agree on SB 9
On May 8th, the Connecticut Senate approved SB 9, seeking to restructure the state’s renewable energy program. The bill includes a boost to the RPS market, an extension of the ZREC program and changes to the net-metering policy in the state. Karbone will further detail the impact of this bill on the broader NEPOOL Class I REC market in an upcoming research report.
The Convergence is Upon Us: Green-e Eligible Solar and Wind
Green-e Eligible Wind and Solar RECs have experienced price convergence recently. This price convergence marks an interesting break from the historical premium at which Green-e Eligible Solar RECs traded compared to wind, primarily due to unique revenue requirements and less installation rates. Nevertheless, recent shifts in the supply & demand dynamics for both commodities have exerted directional pressure on pricing to converge.
Edge of (20)Seventeen: MA SREC-I Price Pop on Last Year’s Generation Drop
Low year-on-year SREC-I generation figures in 2017 prompted an uptick in front-of-the-curve pricing through April. As the table below shows, the per MWh productivity of all systems installed was depressed in each quarter in 2017 compared to 2016.
Pennsylvania Officially Closes Border
On April 19, the Pennsylvania PUC approved a Final Implementation Order for HB118, formally restricting the qualifications of out-of-state solar systems to meet in-state solar compliance requirements, with an exception for any contracted generation that predated the legislation, effective October 2017.