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October 12th, 2012

Connecticut Low and Zero Emission Renewable Energy Credits

by Andrew Price, President & COO

The compliance markets for Renewable Energy Credits (RECs) changes rapidly in New England. The introduction of two new classes of RECs in Connecticut is one recent example. The Connecticut Light and Power Company (CL&P) filed results yesterday of its inaugural procurement of Class I RECs from low and zero emission sources (LRECs and ZRECs). Weighted average prices of accepted bids ranged from $60 per MWh for LRECs and $100 to $150 per MWh for ZRECs. At these prices, consumers in Connecticut should consider participating in the next competitive RFP, due out in April 2013. The balance of this blog is a somewhat dense and technical review of the CL&P RFP results; readers looking for lighter fare, consider yourselves forewarned.

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September 27th, 2012

Compressed Natural Gas (CNG)

by Andrew Price, President & COO

Trucked natural gas can take the form of either Liquefied Natural Gas (LNG) or Compressed Natural Gas (CNG). Both LNG and CNG have a relatively short history as a fuel used by the end-use sector. To date, LNG has been used mostly by natural gas utilities as a distributed peaking fuel to serve regional load pockets with insufficient pipeline capacity to meet peak period demand. CNG has been used mostly in the fleet transportation sector including the municipal bus system in Portland Maine. Both LNG and CNG are experiencing a broadening of interest due to the very low cost of natural gas commodity relative to both propane and oil.

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