Assembly Bill 538 "jumpstarts" conversation around regional grid collaboration, with the potential to save hundreds of millions in energy costs
SACRAMENTO, Calif. – Introduced by Assemblymember Chris Holden (AD41), Assembly Bill 538 would create a structure that would allow the California Independent System Operation (CAISO) to integrate into a broader, independent regional transmission operator (RTO). A 2022 economic development study commissioned by Advanced Energy United and conducted by Energy Strategies found that a transition like the one proposed in AB 538 could create over 138,000 jobs and save ratepayers $538 million per year in energy costs.
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Topics:
State Policy,
California Engagement,
21st Century Electricity System,
Wholesale Markets,
Press Releases,
Economic Impact,
Amisha Rai,
Western RTO,
California
Joining a Western grid would keep the lights on during extreme weather while creating up to 138,700 jobs and annually reducing energy bills $563 million
SACRAMENTO, Calif. – A new study shows California would see significant economic benefits from participating in a regional electric grid with neighboring states. Conducted by independent consulting firm Energy Strategies on behalf of business association Advanced Energy United (formerly Advanced Energy Economy), the study found that joining a regional transmission organization (RTO) could generate upwards of $21.7 billion in new annual gross state product for California and up to 138,000 new, permanent, living-wage jobs.
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Topics:
State Policy,
California Engagement,
21st Century Electricity System,
Wholesale Markets,
Press Releases,
Economic Impact,
Amisha Rai,
California
The state’s pending budget shortfall could jeopardize its 100% clean power and zero-emission vehicle targets.
SACRAMENTO, January 10, 2023 – Today, national business group Advanced Energy United (formerly Advanced Energy Economy) responded to California’s impending $24 billion deficit. The organization released the following statement from Principal Emilie Olson in advance of Gov. Gavin Newsom’s budget release:
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Topics:
California Engagement,
21st Century Electricity System,
Press Releases,
Electric Vehicles,
Colorado,
Emilie Olson
Canary Media detailed the need to strengthen the country’s electricity system, quoting Amisha Rai on how the US can build out its energy infrastructure. Read snippets below and the full article here.
The grid may be the weakest link in the chain connecting the U.S. to a clean energy future.
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Topics:
21st Century Electricity System,
United In The News,
Amisha Rai
Houston Chronicle detailed growing demand for battery storage projects, quoting Ryan Katofsky on why the technology is seeing such a high demand. Read snippets below and the full article here.
Within three years, a surge of new large-scale battery projects is expected to come online on Texas and California's power grids, as developers seek to store electricity produced by those state’s sprawling wind and solar farms.
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Topics:
21st Century Electricity System,
United In The News,
Ryan Katofsky
Business Insider detailed the auto industry's pivot to electric, quoting Ryan Gallentine on changes in the commercial vehicle market. Read snippets below and the full article here.
As Ford and GM go head to head in the multi-billion-dollar pivot to electric propulsion, the balance of their rivalry may not hinge on high-profile rides like the F-150 Lightning and Hummer EV, but on the humble delivery van.
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Topics:
21st Century Electricity System,
United In The News,
Ryan Gallentine
December 8, 2022 – Earlier this week, AEE released findings from three new state-specific reportsfor Colorado, New Mexico, and Arizona showing how joining a Western RTO would power economic growth. Check out what more leaders from across those states are saying about the numbers:
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Topics:
21st Century Electricity System,
Press Releases,
New Mexico,
Western RTO
December 8, 2022 – Earlier this week, AEE released findings from three new state-specific reportsfor Colorado, New Mexico, and Arizona showing how joining a Western RTO would power economic growth. Check out what more leaders from across those states are saying about the numbers:
Colorado Governor Jared Polis: “We are continuing to save people money, lower energy bills, and bring more good-paying jobs to Coloradans, and this new report confirms that a Western market advances our bold work achieving these goals. Colorado has committed to join a Western market by 2030, and we look forward to continuing to work with leaders across the region to lower energy costs while making progress towards our goal of 100% renewable energy by 2040."
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Topics:
21st Century Electricity System,
Wholesale Markets,
Press Releases,
New Mexico,
Colorado,
Western RTO
Santa Fe New Mexican featured our Western RTO economic impact report, citing a press briefing on the study results. Read snippets below and the full article here.
A new economic impact study from the trade group Advanced Energy Economy estimates New Mexicans could save about $114 million in energy costs with the creation of a regional transmission organization that would encompass much of the western U.S.
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Topics:
21st Century Electricity System,
Wholesale Markets,
United In The News
Joining a Western RTO would power economic growth and save residents millions in annual energy costs.
December 6, 2022 – Joining a Western RTO would create thousands of permanent jobs and save ratepayers millions of dollars in annual energy costs, according to new data from Advanced Energy Economy. The findings fromthree new state-specific reportsfor Colorado, New Mexico, and Arizona are based on a recent west-wide analysis conducted by independent consulting firm Energy Strategies on behalf of AEE that examined the economic impact of establishing a regional power grid.
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Topics:
21st Century Electricity System,
Press Releases,
Arizona,
New Mexico,
Colorado,
Amisha Rai