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PA Utilities Seek Solar PV Alternative Energy Credits (Ind. Report)
FirstEnergy Corp
Date: 2019-01-23
In the Keystone State, FirstEnergy Corp subsidiaries Pennsylvania Power Company, Pennsylvania Electric Company, and Metropolitan Edison Company, are reportedly seeking the purchase 120,500 Solar PV Alternative Energy Credits (SPAECs) annually over a two-year period. Suppliers will enter into a separate deal and provide the credits in tranches of 500 per year.

The Brattle Group will launch an RfP for the purchase of SPAECs this month. Applications are due by February 5, 2019, and bids due by February 27, 2019. Deliveries of SPAECs are expected this year. (Source: FirstEnergy, Renewables, 21 Jan., 2019) Contact: The Brattle Group, (202 955-5050, (415) 217-1000, www.brattle.com; First Energy, www.firstenergy.com

More Low-Carbon Energy News PV Solar,  Solar Energy Credit,  Brattle Group,  FirstEnergy Corp.,  Solar,  


The Future of Cap-and-Trade Program in California -- Brattle Group Paper Attached (Ind. Report)
Brattle Group
Date: 2017-12-11
In a recently released discussion paper, The Brattle Group notes that over the long term, California's reaching it 80 pct decarbonization goals may require large increases in GHG prices in the absence of technological breakthroughs. Additionally, non-electric sectors, especially transportation, must play an increasingly important role in GHG emission reductions. The bulk of future reductions will likely be accomplished largely by complementary policies, but supplemented by price-driven reductions. The level of complementary policies and innovation in lower-cost, clean-energy technologies in the non-electric sector will have major impacts on future GHG prices, according to the paper.

The potential for high future GHG prices highlights the importance of further improving the economic competitiveness of clean-energy technologies, such as bulk energy storage, and promoting more widespread adoption of electric vehicles. According to the Brattle discussion paper, despite significant projected additions of renewable generation, the electric sector is not likely to achieve full decarbonization by 2050.

The Brattle discussion paper also notes that, given the current lack of federal support for a climate protection policy, similar approaches to GHG mitigation are being considered by other states and regions interested in pursuing policies for climate protection. For example, Quebec and Ontario have already joined California in the Western Climate Initiative's (WCI's) cap-and-trade program, and Oregon is considering an economy-wide cap-and-trade program and linkage to California as well.

The Future of Cap-and-Trade Program in California: Will Low GHG Prices Last Forever?, discussion paper is available for download HERE (Source: The Brattle Group, PR, 5 Dec., 2017) Contact: The Brattle Group, (202 955-5050, (415) 217-1000, www.brattle.com

More Low-Carbon Energy News Brattle Group,  California Cap-and-Trade,  Cap-and-Trade,  

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