Tag Archives: Energy

NEP: Energy Legislation 101: The Process and What Passed in 2017


Half Day Event, 9am – Noon
Connecticut Legislative Office Building
Thursday, September 28, 2017
Lobbying 101 Presentation 

Wrap Up:

CPES Holds Second 101 Series Event for New Energy Professionals!

On September 28, 2017, the Connecticut Power and Energy Society’s New Energy Professionals Committee hosted “Energy Legislation 101: The Process and What Passed in 2017” at the Legislative Office Building and State Capitol in Hartford, Connecticut. Energy Legislation 101 is the second in a series of informational sessions established to assist recently joined CPES members and those new to the industry as they become acclimated and involved within the organization. The overarching goal of the 101 series is to provide a meaningful overview of state agencies and businesses with whom professionals in the industry interact. While the event was geared toward New Energy Professionals, many established professionals were also in attendance.

The day began with an overview of the legislative process in Connecticut from Melissa Biggs, a partner at DePino, Nunez & Biggs, LLC, and Christopher Cordima, an attorney in the Connecticut Legislative Commissioners’ Office.

The overview was followed by a timely discussion of energy legislation that passed during the 2017 legislative session and what issues may arise next session. Joining the conversation were Senator Bob Duff, Representative Tim Ackert, Representative Holly Cheeseman, Representative Mike Demicco, Representative Stephen Harding, and Representative Jonathan Steinberg.  All serve on the General Assembly’s Energy & Technology Committee, Environment Committee, or both!

The day ended with a tour of the Legislative Office Building and State Capitol.

Blurb:
Please join us as Connecticut’s key energy and environment legislative staff and leaders offer a three-part Energy Legislation 101 to CPES New Energy Professionals*!  Come brush up on all the details of the legislative process.  Continue into a timely discussion of the bills which become effective as of October 1st.  Finish with a tour of the Legislative Office Building and Capitol.

This is a free event, but please register at your earliest convenience as space is limited.

Agenda:
9:00am – Networking, Coffee and Danish
(Second Floor Atrium of the Legislative Office Building)

9:30am – Energy Legislation 101:  Basics and Procedures (Hearing Room 2E)
Melissa Biggs, DePino, Nunez & Biggs, LLC
Christopher Cordima, CT Legislative Commissioners’ Office

10:00am – Current and Future Legislation Discussion: A detailed and timely conversation about the energy bills that just passed and become effective as of October 1st. (Hearing Room 2E)

11:15am: (Optional) The League of Women Voters is offering a tour of the Legislative Office Building and Capitol

*This group is not limited to age range or years of experience.  We welcome everyone to reach out to us.

The goal of the 101 series is to provide a meaningful overview of state agencies and businesses with whom professionals in our industry interact.  While this series was established with our New Energy Professionals in mind, all are welcome.” – Alex Isaac, NEP Group Member

 

CPES Policy Committee Update: June 6, 2017

This update features policy, regulatory, legislative, and regional developments in Connecticut and New England. The policy updates are compiled by the CPES New Energy Professionals Team. If you are interested in learning more about the New Energy Professionals, the Policy Committee, or if you have ideas for future policy updates, we would welcome your input and feedback. Please send comments to Kathryn Dube, CPES Executive Director, via email: kdube@ctpower.org.

This week’s feature:

  • New England’s Wholesale Electricity Markets Were Competitive in 2016
  • Drift Is a New Startup Applying Peer-to-Peer Trading to Retail Electricity Markets
  • Eversource Energy to Buy Aquarion in $1.68 Billion Deal
  • PURA established a docket for the Application of The Southern Connecticut Gas Company to Increase Its Rates and Charges
  • Sub. Sen. Bill 900 passed in both chambers over the weekend

STATE AND INDUSTRY DEVELOPMENTS

New England’s Wholesale Electricity Markets Were Competitive in 2016

The 2016 Annual Markets Report (AMR), issued by ISO New England’s Internal Market Monitor (IMM), concluded that New England’s wholesale power markets were competitive in 2016. The 2016 AMR covers the period from January 1 to December 31, 2016, and contains the IMM’s analyses of market operations and results.

The total value of the region’s wholesale electricity markets, including the cost of electric energy, capacity, ancillary services, and the cost of transmission services and upgrades, fell by about $1.7 billion, or 18%, from roughly $9.3 billion in 2015 to roughly $7.6 billion in 2016.

The total value of the region’s wholesale electric energy market in 2016 was $4.1 billion, which is 30% lower than the 2015 value of $5.9 billion. The 2016 electric energy market value was the lowest since 2003, when New England’s wholesale energy markets were launched in their current form. Over that same time period, the previous record-low market value was $5.2 billion in 2012

The decline in wholesale power prices mirrored a 34% year-over-year decline in the average price of natural gas, which is the fuel used most often to generate electricity in New England. Natural-gas-fired power plants produced 49% of the power generated in New England last year.

The full report is available on ISO New England’s website.

Drift Is a New Startup Applying Peer-to-Peer Trading to Retail Electricity Markets
The company is taking all the hottest tech in Silicon Valley and bringing it to New York’s retail energy market.

A Seattle-based startup is taking some of the most talked-about technology applications — machine learning, high-frequency trading, and peer-to-peer selling — and applying them to retail energy markets.

The 15-person company, called Drift, is attempting to change electricity delivery in deregulated markets by connecting consumers directly to energy producers on a cryptographically secure system (think blockchain), allowing it to granularly match a customer’s environmental or cost preferences.

Drift is made up of engineers who’ve worked at Amazon, Google and Microsoft; a data scientist from Argonne National Laboratory; a head of marketing from Uber; and a former FERC attorney.

Greg Robinson, the co-founder and CEO, said the platform was designed to “ruthlessly lower costs in the supply chain” and provide a more customized experience for people looking for energy choice.

https://www.greentechmedia.com/articles/read/drift-is-a-startup-applying-peer-to-peer-trading-to-retail-electricity

Eversource Energy to Buy Aquarion in $1.68 Billion Deal
On June 2nd, The Hartford Courant reported that Eversource Energy had announced they had reached an agreement to buy Aquarion Water Co. for $1.68 billion, combining New England’s largest electric and gas utility with a dominant water company in Connecticut. MORE INFO

PUBLIC UTILITIES REGULATORY AUTHORITY NEW DOCKET:

On May 26, 2017, PURA established the following docket:

 

CONNECTICUT LEGISLATIVE UPDATE

Information about the Energy and Technology Committee, including committee meetings and public hearings, is available at: https://www.cga.ct.gov/et/

The Energy and Technology Committee’s JF deadline was March 23, 2017.  The list of bills reported out of the Energy and Technology Committee is available at:  https://www.cga.ct.gov/asp/menu/CommJFList.asp?comm_code=et and additional information about the status of these bills is available at: https://www.cga.ct.gov/2017/etdata/cbr/et.asp

Sub. Sen. Bill 900 passed in both chambers over the weekend.  Below is the title of the bill and two links to find the language.

AN ACT CONCERNING MINOR REVISIONS TO ELECTRIC SUPPLIER COMPLIANCE REQUIREMENTS REGARDING ENVIRONMENTAL LAWS, RENEWABLE PORTFOLIO STANDARDS AND ADVERTISING AND CONTRACT PROVISIONS AND THE PUBLIC UTILITIES REGULATORY AUTHORITY’S REPORTING OF ELECTRIC RATES. https://www.cga.ct.gov/2017/FC/pdf/2017SB-00900-R000344-FC.pdf and https://www.cga.ct.gov/2017/amd/S/pdf/2017SB-00900-R00SA-AMD.pdf

CPES does not take a position on these legislative proposals; this is provided for informational purposes only to CPES members.

CPES Policy Committee Update: May 9, 2017

This update features policy, regulatory, legislative, and regional developments in Connecticut and New England. The policy updates are compiled by the CPES New Energy Professionals Team. If you are interested in learning more about the New Energy Professionals, the Policy Committee, or if you have ideas for future policy updates, we would welcome your input and feedback. Please send comments to Kathryn Dube, CPES Executive Director, via email: kdube@ctpower.org.

This week’s feature:

  • ISO New England Publishes 2017 Forecast Report of Capacity, Energy, Loads, and Transmission (CELT)

REGIONAL AND INDUSTRY DEVELOPMENTS

ISO New England Publishes 2017 Forecast Report of Capacity, Energy, Loads, and Transmission (CELT)

On May 1, 2017, ISO New England published the 2017 Forecast Report of Capacity, Energy, Loads, and Transmission (CELT), a primary source for assumptions used in ISO system planning and reliability studies. The report provides a snapshot of the New England power system, including:

  • The number of megawatts (MW) with capacity supply obligations resulting from the 11 Forward Capacity Market (FCM) auctions held to date, as well as the total generating capability of resources in the region
  • The breakdown of the region’s generators by fuel type
  • A link to the listing of transmission projects proposed, planned, and under construction
  • The long-term forecast for growth in energy consumption and peak demand, including the contributions of energy efficiency and behind-the-meter solar facilities

The long-term forecast for electricity use is developed each year using state and regional economic forecasts, 40 years of weather history in New England, results of both the ISO’s energy-efficiency (EE) forecast and solar photovoltaic (PV) forecast, and other factors. The ISO calculates a gross forecast and then applies the EE and PV forecasts to develop a net forecast.

The 2017 CELT projects that energy usage will decline slightly in New England and peak demand will remain flat over the 10-year period. The primary factors are continuing robust installation of energy-efficiency measures and behind-the-meter solar arrays throughout the region, as well as a slightly lower forecast for economic growth in New England.

For more information, visit the ISO Newswire.

 

CONNECTICUT LEGISLATIVE UPDATE:

Information about the Energy and Technology Committee, including committee meetings and public hearings, is available at: https://www.cga.ct.gov/et/

The Energy and Technology Committee’s JF deadline was March 23, 2017.  The list of bills reported out of the Energy and Technology Committee is available at:  https://www.cga.ct.gov/asp/menu/CommJFList.asp?comm_code=et and additional information about the status of these bills is available at: https://www.cga.ct.gov/2017/etdata/cbr/et.asp

CPES does not take a position on these legislative proposals; this is provided for informational purposes only to CPES members.

CPES Policy Committee Update: May 2, 2017

This update features policy, regulatory, legislative, and regional developments in Connecticut and New England. The policy updates are compiled by the CPES New Energy Professionals Team. If you are interested in learning more about the New Energy Professionals, the Policy Committee, or if you have ideas for future policy updates, we would welcome your input and feedback. Please send comments to Kathryn Dube, CPES Executive Director, via email: kdube@ctpower.org.

This week’s features:

  • ISO New England Expects Adequate Electricity Supplies This Summer
  • On April 21st, PURA Established a New Docket on Electric Distribution Company System Reliability

REGIONAL AND INDUSTRY DEVELOPMENTS

ISO New England Expects Adequate Electricity Supplies This Summer

ISO New England expects adequate electricity supplies to meet consumer demand for electricity this summer. Tight supply margins, however, could develop if forecasted peak system conditions occur. If this happens, the ISO will take steps to manage New England’s electricity supply and demand in real time and maintain reliable power system operations.

This summer, under normal weather of about 90 degrees Fahrenheit (°F), electricity demand is forecasted to peak at 26,482 MW. Extreme summer weather, such as an extended heat wave of about 94°F, could push demand up to 28,865 MW. These forecasts incorporate the demand-reducing effects of energy-efficiency measures acquired through the Forward Capacity Market and behind-the-meter solar photovoltaic (PV) installations. Approximately 2,000 MW (nameplate capacity) of behind-the-meter solar facilities are currently installed throughout New England.

For more information, see ISO New England’s summer outlook press release.

 
PUBLIC UTILITIES REGULATORY AUTHORITY NEW DOCKET:

On April 21, 2017, PURA established the following docket:

  • Docket No. 17-04-19:  PURA 2017 Annual Report to the General Assembly on Electric Distribution Company System Reliability (http://www.dpuc.state.ct.us/dockcurr.nsf/(Web+Main+View/All+Dockets)?OpenView&StartKey=17-04-19)

CONNECTICUT LEGISLATIVE UPDATE:

Information about the Energy and Technology Committee, including committee meetings and public hearings, is available at: https://www.cga.ct.gov/et/

The Energy and Technology Committee’s JF deadline was March 23, 2017.  The list of bills reported out of the Energy and Technology Committee is available at:  https://www.cga.ct.gov/asp/menu/CommJFList.asp?comm_code=et and additional information about the status of these bills is available at: https://www.cga.ct.gov/2017/etdata/cbr/et.asp

CPES does not take a position on these legislative proposals; this is provided for informational purposes only to CPES members.

February 15, 2017: Energy Procurement Strategies: Business and Government Insights

 

WRAP UP:
February 15, 2017: CPES Hosts Discussion on Energy Procurement Strategies
Click here for David Ferro’s Presentation

On February 15, 2017, the Connecticut Power and Energy Society (CPES) hosted a discussion on energy procurement strategies featuring government and business insights from Jeffrey Gaudiosi, Power Procurement Manager for the State of Connecticut, and David Ferro, Director of Energy Management Services and Business Development for Pennoni Associates.

Jeffrey Gaudiosi opened the discussion with a look back at how energy was procured in the state of Connecticut after the electricity market deregulated in 1998. Deregulation allowed retail customers to choose a competitive supplier of electricity, but required the state’s electric distribution companies to continue to provide “Standard Service” and “Supplier of Last Resort Service” to customers who did not choose a competitive supplier. He explained that the legislature dictated how electricity was procured for these customers, requiring the utilities to employ a three-year laddering model for Standard Service power procurements. This procurement method involved a series of overlapping wholesale contracts extending over several years, which kept retail electricity prices relatively stable for consumers. This method worked well for many years, Gaudiosi explained, but fell out of favor when Standard Service rates reached record levels and prevented retail customers from taking advantage of declining wholesale electricity prices in the 2009-2010 timeframe.

When the Department of Public Utility Control (DPUC) and the Department of Environmental Protection (DEP) merged in 2011, a power procurement manager position was created and a power procurement plan was put in place to address many of the shortfalls associated with the former procurement process. According to Gaudiosi, the plan was built to be flexible and allow the state’s utilities to adjust to market conditions. Power supply rates were fixed from January through June and from July through December, splitting up the winter months to moderate prices. The timing for power purchases was also adjusted, he explained. The state moved away from long-term contracts and instead purchased power four times a year through short-term contracts to allow customers to benefit from current market prices. The approval process for power procurements was dramatically improved as well, according to Gaudiosi. Instead of waiting 30 hours for bids to be approved, the new power procurement manager could now act with the authority of a public utility commissioner and approve bids within a few hours in consultation with the utilities and the Office of Consumer Counsel. With this improved procurement process, Gaudiosi explained, the state of Connecticut is now enjoying the lowest Standard Service rates since 2004.    

 David Ferro rounded out the discussion with a look at how consultants and brokers are changing their power procurement strategies based on what is happening in the marketplace. He highlighted natural gas storage volumes as one of the primary drivers of wholesale electricity prices in the U.S. In New England, he pointed to increasing capacity and transmission costs impacting wholesale electricity prices, and discussed the significant turnover in the generation fleet away from coal- and oil-fired generation toward natural-gas fired generation. This, he said, will put additional pressure on the natural gas infrastructure serving the region, which can have a significant impact on wholesale electricity prices. He concluded with a list of seven steps for developing an energy supply strategy – for facility managers, supply chain professionals, and those involved in managing energy procurement strategies. Technology advancements, he said, will be extremely important in creating a “sustainable energy community” where consumers have more control over their energy supply.   

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