CES Spotlight Blog
Expanding Natural Gas Pipeline Capacity into New England
For those of you who have followed my blog, you will recall that I recently discussed the issue of natural gas pipeline constraints into New England and the impact these constraints have had on natural gas prices and spot electricity prices this winter in New England. These impacts are not trivial. We estimate that the price impact in the New England wholesale electricity market is approximately $0.017 per kWh on an annual basis, costing electric ratepayers throughout New England a little over $2 billion a year. The impact on natural gas users is almost as significant at $1.5 billion a year, bringing the total cost of pipeline constraints to New England consumers and businesses to about $3.5 billion a year.
CES Spring Seminar Series
While Spring makes most people think of flowers, Easter, a new baseball season and March Madness basketball, at CES, we think about getting together to talk energy. To welcome Spring each year, CES offers a series of energy seminars to existing and prospective clients. The purpose of the seminars is to provide a convenient forum for our diverse client base to come together and discuss timely energy issues. In addition to listening to presentations from CES, we find that our clients also find it useful to network with CES staff as well as each other on common energy issues.
Enernoc Exits ISO New England Demand Response Program
Demand Response has suffered a big setback in New England. Enernoc (logo from Enernoc.com), one of the leading demand response providers in the country, recently announced that it was exiting the traditional demand response program in New England. While it will still offer customers in New England many related services, Enernoc will not offer new Forward Capacity Market Demand Response (DR) contracts for an indefinite period of time. Further, it has notified its DR clients that it was unilaterally terminating existing DR contracts due to “material changes” to the DR program in New England. This decision impacts a number of CES clients who participate in formal demand response programs.
Suntech ‚?? Once World‚??s Largest Solar Cell Manufacturer ‚?? Near Financial Collapse
Suntech Power, a large solar photovoltaic (PV) cell manufacturer based in Wuxi China, may soon be taken over by Wuxi Guolian, a municipal holding company with significant manufacturing, financial, and real estate holdings. The news was reported in the New York Times today. Suntech solar panels are widely used in the US, including at the Westford Solar Park in Westford Massachusetts, pictured below. The Westford Solar project, which is already operational and should not be impacted by this development, is under contract to sell net excess generation credits to the University of Massachusetts Lowell. UMass Lowell is a longtime client of CES and we advised the University on the solar PV transaction.