Electricity capacity prices skyrocketed 900% in latest auction
ANNAPOLIS, MD – Today, Maryland State Senator Ron Watson and Maryland Delegates Adrian Boafo, Lorig Charkoudian, David Fraser-Hidalgo, and Natalie Ziegler released a joint statement on the skyrocketing electricity prices announced last week byMaryland’s electric grid operator, PJM. Prices in its annual capacity auction rose over 900 percent, from $28.92 per megawatt-day to $269.92. The price increase was most significant in Maryland, rising to $466.35. Next June, most Maryland ratepayers will likely see electricity bill increases well over 30 percent.
These prices are driven in large part by the grid operator’s years-long issues in getting more generating resources connected to the grid. At the end of 2023, PJM had 3,309 projects – mostly solar and battery storage – waiting to connect to the grid and provide cheaper power to the region. PJM earned a national-worst “D-” in a recent scorecard from Advanced Energy United of all grid operator interconnection processes earlier this year, with developers forced to wait longer in PJM than any other region in the country. These clean energy projects together have enough capacity to replace all the generation currently operating in the PJM system, even after planned fossil fuel plant retirements. Because of this backlog, new renewable projects cannot even apply to bring power to Maryland consumers until 2026.
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Advanced Transportation,
Press Releases,
Transmission,
Maryland
Bill sponsors Sen. Euer and Rep. Handy join Advanced Energy United in applauding landmark moment for Rhode Island
PROVIDENCE, RI – Last night, Governor Daniel McKee signed the 2024 Energy Storage Systems Act into law, a landmark moment in Rhode Island's journey to a 100% clean energy future. Led by Senator Dawn Euer and Representative Arthur Handy, the Act puts Rhode Island’s energy system in a strengthened position.
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Kat Burnham,
Rhode Island
Rhode Island’s General Assembly passed the 2024 Energy Storage Systems Act last night
PROVIDENCE, RI – Advanced Energy United, the national clean energy business association, celebrates the passage of the 2024 Energy Storage Systems Act. This landmark legislation, passed last night, marks a pivotal step in Rhode Island’s journey toward a resilient, 100% clean electricity future.
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Press Releases,
Kat Burnham,
Rhode Island
Governor's action echoes other moves to obstruct the General Assembly
RICHMOND, VA — Today, Virginia’s Governor and the Office of the Attorney General announced an opinion that suggests that Virginia is not obligated to comply with the newest update to Advanced Clean Car Standards. This announcement runs counter to a statement by Attorney General Miyares in 2022 and is a willful misinterpretation of the legislation passed in 2021.
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Virginia,
Press Releases,
Electric Vehicles,
Kim Jemaine
Transmission policies key for achieving NY’s broader clean energy goals
ALBANY, NY— Today, the New York legislature passed a state budget which included transmission policies that should help the state meet its clean energy goals. National business association Advanced Energy United highlighted how the Renewable Action Through Project Interconnection and Deployment (RAPID) Act could help streamline and improve transmission project siting, via shifting oversight of those projects to the Office of Renewable Energy Siting (ORES), and shifting ORES to the Department of Public Service.
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Press Releases,
New York,
Transmission,
Kristina Persaud
H.B. 862, a bill to advance grid-enhancing technologies, was signed into law last night by Gov. Glenn Youngkin
RICHMOND, VA – Last night, Virginia Gov. Glenn Youngkin signed a grid-enhancing technologies bill into law after it passed the General Assembly with bipartisan support. H.B. 862, proposed by Del. Phil Hernandez and endorsed by national business association Advanced Energy United, will improve grid reliability and increase the capacity of the existing grid to keep up with the Commonwealth’s growing energy needs.
The bill requires that electric utilities in the state consider grid-enhancing technologies (GETs), a suite of technological upgrades that could add 30-40% more capacity to the current grid and save the Commonwealth money on grid congestion costs, in the Integrated Resource Plan (IRP) process.
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Advanced Transportation,
Press Releases,
Kim Jemaine,
Transmission
The DRIVE Act paves the way for advancements in electric vehicle and grid integration, and bolsters Maryland’s energy resiliency
ANNAPOLIS, MD – The Distributed Renewable Integration and Vehicle Electrification (DRIVE) Act (H.B. 1256) was passed by the Maryland General Assembly last night and is now poised to modernize the state’s energy management and grid preparedness. Advanced Energy United, a national business association representing over 100 businesses including transmission developers, electric vehicle (EV) manufacturers, and charging infrastructure providers, gave written testimony in support of the legislation to the House Economic Matters Committee earlier this legislative session.
“The DRIVE Act shows that Maryland is serious about getting its electric grid ready for an electrified future,” said Nick Bibby, Maryland State Lead for Advanced Energy United. “This legislation will help residents and businesses tap into the unique capabilities of clean energy resources and electric vehicles to lower energy costs and support the resiliency of the electric grid.”
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Advanced Transportation,
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Electric Vehicles,
Maryland
Anticipation builds for the latest round of offshore wind solicitation in New England
BOSTON, MA – The southern New England states are poised to receive a robust set of competitive proposals from offshore wind developers in the upcoming offshore wind solicitation spanning Connecticut, Massachusetts, and Rhode Island. In addition to the unique three-state collaboration, the recent guidance from the U.S. Department of Treasury should provide this round of bidding with an abundance of options to deliver clean energy solutions, foster economic development, and secure savings for utility ratepayers.
"This solicitation marks a significant step towards revitalizing offshore wind projects in the United States,” stated Jeremy McDiarmid, Managing Director at Advanced Energy United. “We anticipate a highly competitive landscape, with established developers vying to contribute innovative solutions to meet New England’s energy needs.”
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Press Releases,
Offshore Wind,
Massachusetts,
Jeremy McDiarmid,
New England,
Connecticut
Industry associations and advocates believe new energy standards will bring jobs and investment to the Keystone State
HARRISBURG, PA – Today, Pennsylvania Governor Josh Shapiro announced a proposal to ensure the Commonwealth generates 35% of its electricity from clean energy sources by 2035, via the Pennsylvania Reliable Energy Sustainability Standard (PRESS). Clean energy industry advocacy and trade associations Advanced Energy United, MAREC Action, Pennsylvania Solar Center, Pennsylvania Solar & Storage Industries Association, and the American Clean Power Association applauded the proposal, which will help maximize clean energy growth.
“Gov. Shapiro’s proposal should help jump start conversations in Harrisburg about how best to bring clean energy’s massive economic and jobs benefits to Pennsylvania,” said Nick Bibby, Pennsylvania State Lead for Advanced Energy United. “Advanced Energy United applauds Gov. Shapiro for issuing his proposal, and we look forward to working with his administration and legislators to ensure Pennsylvania enacts a policy that works for deploying clean energy in the Commonwealth.”
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State Policy,
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Pennsylvania
H.B. 862, a bill to advance grid-enhancing technologies, passed out of the General Assembly on Thursday and now heads to the governor’s desk
RICHMOND, VA – A bill that will help Virginia’s electric transmission grid be more efficient and help keep the lights on passed the Virginia General Assembly on Thursday.
H.B. 862, proposed by Del. Phil Hernandez and endorsed by national business association Advanced Energy United, will improve grid reliability and increase the capacity of the existing grid to keep up with the Commonwealth’s growing energy needs. The bill requires that electric utilities in the state consider grid-enhancing technologies (GETs), a suite of technological upgrades that could add 30-40% more capacity to the current grid and save the Commonwealth money on grid congestion costs, in the Integrated Resource Plan (IRP) process.
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Topics:
State Policy,
Virginia,
Press Releases,
Kim Jemaine,
Transmission