Industry: Utilities
News
Oct. 7, 2016
Wind-power producers are rushing to take advantage of a green energy tax credit extended by Congress—and, in a new twist, many are using it to renovate existing wind farms, not just build new ones. . . In rough numbers, a 100-megawatt project with modern turbines and strong winds might produce $10 million a year in tax credits, according to an analysis by Fitch, the credit rating firm. The current government credit is 2.3 cents per kilowatt-hour of electricity produced, but it is adjusted for inflation and has jumped 53% since it began in 1992.
News
Sept. 28, 2016
The Government of Ontario has announced it is to "immediately suspend" the second phase of its Large Renewable Procurement (LRP II) process and its Energy-from-Waste Standard Offer Program. . . "This decision will both maintain system reliability and save up to $3.8 billion in electricity system costs relative to the 2013 LTEP forecast. The typical residential electricity consumer would save an average of approximately $2.45 per month on their electricity bill, relative to previous forecasts."
News
Sept. 15, 2016
The Department of Energy's Lawrence Berkeley Lab has taken on the task of doing an annual evaluation the state of solar and wind power in the United States. With the data in hand from 2015, it recently completed a look at the trends in the two renewable power sources, both of which appear to be booming. Thanks to a restored tax break, wind installations have returned to levels last seen in 2012. But that's tame compared to solar, where 2016 is on track to see more than double the previous record for utility-scale installations
News
Sept. 13, 2016
Residential installations are expected to increase by 21 percent this year, but in 2017 the figure will inch upward by about 0.3 percent. The change comes as utilities push back against mandates to buy the electricity and shifting tax policies curb demand. Throw in sliding electricity rates and it’s clear the economic benefits of rooftop panels are no longer so obvious to consumers.
News
June 23, 2016
By 2018, monthly bills for natural gas will be 11.6 percent higher than they were in January 2015, according to estimates provided during Thursday's meeting of the state Public Utilities Commission.
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