Op-ed here comes the sun for less money than you thought – nj spotlight electricity grid code

########

In states as diverse as Iowa, Texas, Minnesota and Arizona, competitive bids show that renewables can beat the costs of new natural gas hp gas kushaiguda phone number plants in many places, even with today’s low gas prices. As the costs of renewables continue to decline, market forces will drive replacement of coal and natural gas with safe, clean, affordable energy across much of the country.

Regulators are already taking a critical step to improve New Jersey’s approach to solar incentives for new solar projects. The state Board of Public Utilities has undertaken a year-long process to determine how to close the existing incentive program to new projects and replace it with a new, more cost-effective set of incentives, as is required under the Clean Energy Law. Soon, consumers will get much more solar built in New Jersey for every dollar spent. Must fix existing solar program

Even after the current SREC program closes, consumers will continue to pay physics c electricity and magnetism formula sheet for SRECs generated from each project for up to 15 years. These SRECs will continue to trade at volatile market prices which can range from a legislated maximum price (set at $268 for 2019) to a low of perhaps $10. This price risk can only become more extreme, for both customers and existing solar projects, once the SREC program is closed to new solar projects. Imagine a competitive market that bans new entrants no matter how high the price gets.

To treat electricity customers and existing solar projects fairly, the board should consider offering existing SREC holders gas vs electric heat a fixed price payment for the remaining years of their SREC project. This would provide budget certainty for consumers, with no risk of runaway solar costs from price spikes in a closed market. Make sure flaws are not repeated

The implication of dramatically lower costs is sinking in with both policymakers and the public. New analysis shows that the right combination of low-cost large-scale renewables, distributed solar and complementary clean energy resources like storage and load management can actually reduce energy costs compared to the status quo. With proper planning and effective policies to identify and incentivize such a combination of resources, we can have electricity questions grade 6 lower energy costs and rapidly reduce greenhouse gas emissions that are warming our planet and harming our communities.

In states as diverse as Iowa, Texas, Minnesota and Arizona, competitive bids show that renewables can beat the costs of new natural gas plants in many places, even with today’s low gas prices. As the costs of renewables continue to decline, market forces will drive replacement of coal and natural gas with safe, clean, affordable energy across much of the country.

Regulators electricity icon are already taking a critical step to improve New Jersey’s approach to solar incentives for new solar projects. The state Board of Public Utilities has undertaken a year-long process to determine how to close the existing incentive program to new projects and replace it with a new, more cost-effective set of incentives, as is required under the Clean Energy Law. Soon, consumers will get much more solar built in New Jersey for every dollar spent. Must fix existing solar program

Even after the current SREC program closes, consumers will continue to pay for SRECs generated from each project for up to 15 years. These SRECs will continue to trade at volatile market prices which can range from a legislated maximum price (set at $268 for 2019) to a low of perhaps $10. This price risk can only become more extreme, for both customers and existing solar projects, once the SREC program is closed to new solar projects. Imagine a competitive market that bans new entrants no matter how high the price gets.

To treat electricity customers and existing solar projects fairly, the board should consider offering electricity usage calculator spreadsheet existing SREC holders a fixed price payment for the remaining years of their SREC project. This would provide budget certainty for consumers, with no risk of runaway solar costs from price spikes in a closed market. Make sure flaws are not repeated

The implication of dramatically lower costs is sinking in with both policymakers and the public. New analysis shows that the right combination of low-cost large-scale renewables, distributed solar and complementary clean energy resources like storage and load management can actually reduce energy costs compared to the status quo. With proper planning and effective policies to identify and incentivize such a combination of resources electricity hair stand up, we can have lower energy costs and rapidly reduce greenhouse gas emissions that are warming our planet and harming our communities.