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The infusion of federal dollars could expand implementation further in the state, where the market has been thriving.
Bowdoin recently sold its high-value, Maine-based renewable energy credits (RECs) to free up funds to buy RECs in so-called "dirtier" electrical grids and to invest in green projects and technologies that will help reduce Bowdoin’s greenhouse gasses.
Competitive Energy Services’ Eben Perkins, Vice President, Consulting, spent time talking energy on Bangor’s solar-powered WERU 89.9 FM’s podcast with Producer/Host, Steve Kahl, who also serves as Professor of Science at Thomas College, where he teaches environmental and energy courses.
Look in-depth about our work with the university in our case study.
New England electricity prices rose over the past week, with the NEPOOL 12-month strip increasing slightly by 5 cents or 0.1% week-over-week, settling at $52.92/MWh. Warmer weather forecasts and the approaching end of natural gas withdrawal season will likely put downward pressure on electricity prices.
The prompt month decreased just 0.9% week-over-week landing at $1.82/MMBtu after a smaller 40 Bcf net storage withdrawal. The 12-month strip dropped just a fraction of a cent week-over-week. Expected warmer temperatures decreased demand in the residential and commercial sectors by 9.4% last week.
Prices for both WTI and Brent were up slightly this past week. WTI increased 0.55% week-over-week to $75.35/barrel, and Brent was up 0.55% as well week-over-week to $79.83/barrel. The New York Harbor Heating oil price registered a small decrease over the last week, dropping by 0.39% to $2.54/gallon.
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