On September 5, the Regional Greenhouse Gas Initiative (RGGI) held its 17th auction of carbon dioxide (CO2) allowances. Generators in the nine RGGI states bought a total of 24.5 million allowances in the auction, one for each ton of CO2 emitted in the compliance period. Bids for the CO2 allowances ranged from $1.93 to $6.51 per allowance, with a clearing price of $1.93, the minimum reserve price for the auction. With states generally holding excess allowances, sales of allowances in auction 17 represented only 65 percent of the 37.9 million allowances offered for sale. Proceeds from the auction amounted to $47.4 million, which the states typically spend on energy efficiency, clean and renewable energy, direct bill assistance, and other consumer benefit programs.
Entries in forecast (15)
ISO New England has created a methodology to generate a long-term energy-efficiency (EE) forecast of the region’s state-sponsored EE programs. The goal is to equip transmission planners with longer-term information about the impacts of growing investment in EE.
Data collection for the initial EE forecast is underway. The ISO has developed a tool to gather information on specific EE programs administered by utility program administrators, especially the production cost of these programs (the cost per megawatt-hour savings). On January 9, 2012, the ISO hosted a webinar for utility program administrators to explain the EE data gathering tool.
Hurricane Irene will go down in the history books in New England. Massive flooding washed out roads and swept away bridges. High winds toppled trees and took down power lines. ISO New England and the Local Control Centers in the region, working with the owners of the region’s power system infrastructure, were in close communication before, during, and after the storm to ensure a coordinated approach to operation of the region’s power system.