Publications

RFP to Support the Development of Renewable Generation in Northern Maine

On November 29th the Maine PUC issued an RFP to support the development of renewable generation in Northern Maine and high voltage transmission that is needed to connect Northern Maine to the ISO-NE grid. Northern Maine isn’t directly connected to the ISO-NE grid and its electricity system (peak load of about 140 MW) is administered separately.

Evaluation Criteria for Offshore Wind (OSW) Competitive Procurements

Massachusetts is having a policy debate on the appropriate evaluation criteria for offshore wind (OSW) competitive procurements. Specifically, should the state depart from past policy of focusing primarily on the price of the OSW energy and give more weight to economic development benefits, which are typically in the form of commitments from OSW component suppliers to site their operations locally.

Job Posting - Boston - Senior Electricty Market Analyst and Policy Consultant

Power Advisory’s Commentary on the IESO’s Decarbonization and Ontario’s Electricity System Report

Closing Ontario’s fleet of gas-fired generators by 2030 will result infrequent and sustained blackouts, while costing electricity ratepayers at least $27 billion, or an additional $100 per month, according to an analysis by the IESO. The IESO’s study was undertaken in response to a number of municipalities across the province calling for a complete phase-out of gas-fired generation in Ontario by 2030.

Job Posting - Toronto - Electricity Market Analyst

US OSW Sector Maturation

In the last two weeks there have been three indications that the US OSW market is maturing. Perhaps of most importance was the financing of the 800 MW Vineyard Wind project, which involved construction and term loan debt financing with nine banks.

Regulatory change raises expected Maryland SREC prices modestly

On June 1, 2021, Senate Bill 65 became effective which decreased the Maryland solar RPS and increased the ACP. SREC prices immediately gravitated toward the new ACP schedule, and are expected to remain at about 98% of ACP for the foreseeable future.

Power Advisory Commentary on IESO Annual Acquisition Report

Maine Tranche 2 RFP Term Sheets Approved

Power Advisory LLC continues to closely track the Northeast electricity markets and support the development of clean energy projects. Find a summary of the latest news from the Maine Public Utilities Commission below, with the approval of term sheets from the 2021 Maine Tranche 2 RFP for renewables this morning.

Climate change and ESG goals: What Options do Ontario companies have to source renewables?

Addressing the climate crisis has renewed focus in Canada and across the globe. On the heals of announcing a strengthened climate plan with a goal of net-zero emissions by 2050, Prime Minister Trudeau announced that Canada will enhance its commitment to the Paris Agreement by reducing emissions to 40-45% below 2005 levels by 2030 during the World Leaders Climate Summit.