RENEW Northeast praises Chairman Pacheco, Vice-Chairman Eldridge and the Massachusetts Senate Committee on Global Warming and Climate Change for releasing today visionary legislation to advance a significant deployment of new renewable energy sources. The bill’s acceleration of the annual growth rate in the Massachusetts Renewable Portfolio Standard (RPS)- the amount of renewable energy utilities and retail suppliers must provide to their customers- from the current 1 percent per year to 3 percent per year will spark a revolution in displacing the region’s greenhouse gas emitting generation with emissions-free resources.
RENEW Northeast commends today’s decision of the New Hampshire Site Evaluation Committee to deny the application of the Northern Pass transmission line. This project and the associated energy from Hydro-Quebec, as the winning bidders out of last week’s Massachusetts Clean Energy RFP, would have cost Massachusetts ratepayers $500 million annually for 20 years. Despite this high cost, it would only bring energy from old generation rather than from new renewable resources that can enable Massachusetts to achieve its required greenhouse gas emissions reductions.
Speakers at the EUCI US/Canada Cross-Border Power Summit on March 15, 2016, debated New England energy policies including pending legislation in Massachusetts on the procurement of clean energy resources, as reported by RTO Insider, “Market Policies, Emissions Goals on Collision Course in New England.”
Francis Pullaro, executive director of RENEW Northeast, which represents renewable energy developers and environmental organizations, said current market rules skew toward natural gas and disadvantage clean energy resources. Natural gas “resources are going to be built over the next couple years with generous capacity payments” that make financing easier to obtain, he said.