Source: Energy Information Agency. Click for larger view. LCOE, LACE and Value-Cost Ratio explained below.
By Steve Haner
If all else fails in achieving your green energy dreams, you can always hope for a depression.
In Italy, the COVID-19 depression has already dropped electricity demand by about 18-21%, as reported recently by Utility Dive. The regional transmission organizations around the United States are seeing declines, as well, and I’ve been told (no data, but a reliable source) that PJM’s load is approaching a 10% drop. Past recessions have included electricity usage declines. Continue reading
Current RGGI States
Virginia’s Air Pollution Control Board will meet April 19 to consider the next regulatory step to limit CO2 emissions from Virginia electricity plants through membership in the Regional Greenhouse Gas Initiative.
The agenda packet for the meeting, on-line here, contains more than 330 pages on the complicated issue, probably the best point counterpoint discussion on that already-voluminous record. The entire record from the two comment periods is summarized, with DEQ staff politely thanking those who praise the regulation and vigorously disputing those who oppose it. Continue reading
Dominion Files IRP Amendments, Cost Scenarios Requested by SCC
Late last week Dominion Virginia Power filed a summary of amendments and additions to its rejected Integrated Resource Plan, along with a legal memorandum arguing with the SCC over what parts of the 2018 Ratepayer Bill Transformation Act are mandates. Dominion, of course, uses its name for the Grid Transformation and Security Act (GTSA).
The provisions of GTSA included add $4.7 billion in capital costs to the plan. (Hence my nickname for the legislation.)
I share this mainly to give interested readers a link to the documents, which will not mean much without careful comparison to the earlier data. The testimony of several Dominion witnesses mentioned is not yet included on the record, and other parties to the case have until April to digest and respond to the new data. SCC staff testimony is due April 16. A hearing is set for May 8. Continue reading
The clock is ticking toward a March 6 deadline if you are burning with a desire to comment on the latest version of Virginia’s proposed Regional Greenhouse Gas Initiative regulation. Perusing the hundreds of comments from the 2018 round of comments, there may not be much to add.
If you liked the first version, you’ll love this revision. If you hated the first version, you will see this one as worse. It is very much the same, only more so – starting with the new beginning target for carbon dioxide emission from power plants of 28 million tons per year, down from the first proposal’s target of 33 million tons per year. Continue reading