Increasing the nation’s natural gas power generation could be the first big step in reducing America’s dependence on fossil fuels in its electricity sector in the coming years. According to a study by the Massachusetts Institute of Technology, the natural gas industry should start backing a price on carbon emissions, which would incentivize electricity generators [...]
Category Archives: Energy Sourcing
MIT Study Insists U.S. Gas Industry Should Support Carbon Pricing
Also posted in NuEnergen Leave a comment
FERC Approves Google Energy as Power Marketer
The Federal Energy Regulatory Commission granted Google Energy, LLC permission to become a power marketer, allowing the company to purchase and resell electricity in wholesale markets. Google will have the authority to sell energy, capacity and ancillary services at market-based rates in the NYISO, PJM, ISONE, CAISO, and MISO markets. Google representative Niki Fenwick explained, [...]
Also posted in RECs/Carbon Offsets, Renewable Energy Leave a comment
Carbon Reporting Software Market Set for Explosive Growth
According to a recently published report by Groom Energy Research, the market for carbon reporting software, known as Enterprise Carbon Accounting (ECA) software, is expected to increase seven-fold by 2011 as more firms begin measuring and reporting on their carbon emissions. While these programs allow a company to input its direct emissions data, they also [...]
Also posted in Greenhouse Gas Emissions, NuEnergen Leave a comment
U.S. Energy Department Affirms Wind Power Potential
According to a study released by the Energy Department’s National Renewable Energy Laboratory, wind could produce 20% of the electricity required by households and businesses in the eastern U.S. by 2024, although this would require a $90 billion investment in the power grid. “We can bring more wind power online, but if we don’t have [...]
Also posted in Current Affairs, Energy, Greenhouse Gas Emissions, NuEnergen, Renewable Energy Leave a comment
Google Aims to Become Electricity Marketer
On Thursday, Google leapt forward into the energy industry in an effort to find reliable supplies of renewable energy for its power-hungry data centers. Google applied for approval from the Federal Energy Regulatory Commission (FERC) to become an electricity marketer, which would give Google the authority to buy and sell bulk power at market [...]
Also posted in Renewable Energy 1 Comment
New York’s New Energy Conservation Incentive
In 2007, the New York State Public Service Commission decided to further its push to promote energy conservation by adopting a revenue decoupling scheme for utility billing. This program aims to incentivize customers to use less energy, while maintaining a consistent revenue stream for utilities by eliminating the correlation between revenues and sales volumes.
The [...]
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World’s Carbon Emissions Continue Rise…Despite Recession
Pollution typically declines during a recession. Not this time.
Despite a global economic slump, worldwide carbon dioxide pollution jumped 2% last year, most of the increase coming from China, according to a study published online Tuesday.
“The growth in emissions since 2000 is almost entirely driven by the growth in China,” said study lead author Corinne Le [...]
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New York City Increases Sales Tax Rate on Gas and Electricity
On July 13, 2009 the New York State Senate passed A.B. 8615, A.B 8866, and A.B. 8867, which modify the New York City sales tax code. Effective August 1, 2009, the New York City sales tax rate increased from 4.0% to 4.5%. The combined state and local sales tax rate effective in New [...]
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Block & Index - What Should I Do?
We have a lot of conversations with our clients and prospective clients about the electricity and natural gas markets. Most of those conversations revolve around taking either a “fixed price, variable (indexed) price or a combination of the two (block and index) 3rd party supply contract”. The other part of the conversation usually revolves around [...]
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Impending Carbon Policy will increase REC pricies
With renewable energy becoming more of a required part of the mix in order to reduce greenhouse gas emissions (GHG), there will be more widespread use of renewable energy credits (RECs) as a national GHG reduction policy takes shape in the U.S.. Currently we do not have a national renewable portfolio standard (RPS) that mandates [...]
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