New England Overview: A Guide to Large-Scale Energy Infrastructure Issues in 2015

The report outlines how regional electricity and natural gas infrastructure decisions are made. It examines the current proposals to expand electricity transmission lines and natural gas pipelines into New England, as solutions to electricity and gas price and reliability issues, and briefly discusses the major implications of both

Carbon Pricing in New York ISO Markets: Federal and State Issues

New York’s Clean Energy Standard (“CES”), adopted in August 2016, aims to steer the state’s electricity sector away from carbon-intensive generation sources. It supports low-carbon alternatives by requiring retail electricity suppliers to purchase credits, the proceeds from which are paid to renewable and nuclear generators. Recognizing that this will affect the operation of wholesale electricity markets, New York’s electric transmission grid operator (the “New York Independent System Operator” or “NYISO”) has commenced a review to assess possible means of incorporating the cost of carbon emissions into market prices. This Article explores two approaches to carbon pricing in NYISO markets: the first would involve NYISO adopting a carbon price of its own initiative with a view to improving the operation of wholesale electricity markets (“Approach 1”), while the second would involve adoption of a carbon price designed to reflect and harmonize state-level policies aimed at reducing electricity sector emissions (“Approach 2”). Under either approach, NYISO would adopt a per megawatt hour carbon price and use it to establish a fee for each generating unit, consistent with its emissions profile. This fee would be added to the prices generators bid into the wholesale electricity market and those adjusted prices used by NYISO to determine the dispatch order. The result would likely be a re-ordering of dispatch, with high-emitting generators dispatched (and paid) less frequently, and cleaner alternatives more frequently. Our proposal, while conceptually simple, is likely to be difficult to implement

Dual Environmentalism: Demand Response Mechanisms in Wholesale and Retail Energy Markets

This note argues that a dual jurisdictional approach to demand response programming is better suited to mitigate environmental harms than an “either-or” regulatory model. Through an exploration of FERC’s authority over wholesale demand response, state authority over retail-level demand response, and implications for electricity and capacity markets arising out of the Court’s decision in FERC v. EPSA, this note will offer effective legal mechanisms for mitigating environmental costs, while fostering environmental benefits. The next section of this note analyzes the strengths and weaknesses of state and federal regulatory approaches to demand response in isolation. Based on this assessment, this note suggests the policy mechanisms most conducive to environmentally-conscious electric energy regulation. This note concludes with a model regulatory scheme that utilizes demand response to mitigate global climate change and advance environmental sustainability

1-Click Energy: Managing Corporate Demand for Clean Power

Globally, more private businesses, especially Fortune 100 companies are generating their own electricity, investing in renewable energy facilities, and voluntarily purchasing renewable energy credits to cover their carbon footprints. This shift could have a significant impact on the existing energy delivery system. On the one hand, this shift shows positive momentum toward the incorporation of clean energy into a fossil fuel dominated grid. As the negative impacts of climate change accelerate around the globe, decreasing reliance on fossil fuels is certainly an important goal. On the other hand, corporate disruption of what has historically been a highly regulated public service industry could result in a slippery slope of market power and loosened consumer protections, lost profits and stranded costs for utilities, and increased utility bills for the remaining customers. This Article recommends changes to the current regulatory scheme that would (1) go further to protect customers from multinational corporate wholesale sellers of electricity and (2) allow utilities to plan and collaborate earlier with large corporate customers to meet their clean energy demands

Cogeneration: A Successful Response to the Energy Crisis?

This article examines the concept of cogeneration, a term for the simultaneous production of both electricity and other useful energy in a single facility by a cascading use of heat energy. It analyzes the rise of cogeneration through the lens of the Public Utility Regulatory Policies Act of 1978 ( PURPA ), enacted by Congress to improve the distribution of electric energy and encourage the conservation of resources, as well as the efforts of the Federal Energy Regulatory Commission ( FERC ) to encourage cogeneration. This article discusses a number of the issues raised and left unresolved by this federal policy of encouraging the development of cogeneration energy sources. It describes the attraction of cogeneration in an era of rising energy costs, and then goes on to discuss the legislative and administrative responses to the prospect of expanded cogeneration. Finally, it explores the impact of cogeneration on utilities, as well as the efects of the policy on regulatory control of utilities

Construction of wedge-local nets of observables through Longo-Witten endomorphisms. II

In the first part, we have constructed several families of interacting wedge-local nets of von Neumann algebras. In particular, there has been discovered a family of models based on the endomorphisms of the U(1)-current algebra of Longo-Witten. In this second part, we further investigate endomorphisms and interacting models. The key ingredient is the free massless fermionic net, which contains the U(1)-current net as the fixed point subnet with respect to the U(1) gauge action. Through the restriction to the subnet, we construct a new family of Longo-Witten endomorphisms on the U(1)-current net and accordingly interacting wedge-local nets in two-dimensional spacetime. The U(1)-current net admits the structure of particle numbers and the S-matrices of the models constructed here do mix the spaces with different particle numbers of the bosonic Fock space.Comment: 33 pages, 1 tikz figure. The final version is available under Open Access. CC-B