Blog

Aug 28

Tricks of the Trade: Who Can Sell Emissions Credits to Whom in the Clean Power Plan (Part 1 of 2)

In this series of posts, we explore how EPA has designed the Clean Power Plan to facilitate the buying and selling of credits representing emissions reductions at fossil-fuel fired power plants. Part 1 focuses on rate-based trading. Part 2 will explore how states can trade allowances representing tons of CO2 emissions.

Aug 25

Can We Afford to Transform Our Grid?

New federal environmental regulations call for substantial emissions reductions from U.S. power grids. For a system designed for fossil fuel resources, this will mean transforming the grid to accommodate large increases in renewable energy resources. Opponents of such regulations claim that the integration of these resources will impose high costs on the system, in particular those related to maintaining reliability standards. A new Synapse study finds that these claims are overblown, and that the costs to integrate increased amounts of wind and solar energy are minimal. Actual costs found by integration studies across the country are on the order of half a cent per kilowatt-hour of energy the resource produces, according to the Synapse literature review.

Aug 17

Upcoming Webinar | Final Clean Power Plan: Deep Dive into Target Setting and Compliance Options

EPA’s final Clean Power Plan differs from the version proposed last year in several non-trivial ways. In fact, the basic framework of the rule—the way in which the EPA sets states’ targets for emissions reductions and the options for meeting those targets—has changed. As part of our ongoing series of webinars on the final Clean Power Plan, Synapse will present a webinar next Tuesday that drills into the details of EPA’s new method for calculating states’ targets and the differences between the seven compliance pathways (of which there were two in the proposed rule).

Aug 13

When is a MWh Not a MWh? Emissions Displacement and the Clean Power Plan

A key challenge that EPA, state agencies, and public interest groups involved in Clean Power Plan compliance planning are likely to face during the development of state plans, trading program initiation, and compliance demonstration, has to do with how emissions displacement interacts with state compliance options—and rate-based options in particular.

Aug 07

Upcoming Webinar: Emissions Displacement and the Clean Power Plan

A key benefit of renewable energy is that electricity generated from new renewable resources displaces electricity generated from other types of power plants. In doing so, renewables reduce the consumption of fossil fuel and production of fossil fuel-related carbon dioxide emissions. In the Clean Power Plan originally proposed by EPA in June 2014, this effect was ignored when setting emissions targets for states: EPA’s formula omitted this effect. In the final version of the rule, released Monday, states’ targets do account for emissions displaced by renewable generation.

Aug 06

Understanding Clean Power Plan Compliance Paths

EPA’s Clean Power Plan, released this past Monday, offers many more options for compliance than were available in the proposed rule. More on these pathways plus a link to detailed slide deck after the jump.

Aug 04

Eight Things You Need to Know about the Clean Power Plan

On August 3, EPA released the final version of its Clean Power Plan. This rule establishes emission reduction guidelines for existing power plants aimed at reducing carbon dioxide (CO2) emissions 32 percent below 2005 levels. The final rule includes some important difference from the version proposed last year. As public agencies, interest groups, and electric-sector experts scramble in the next days and weeks to first absorb and then analyze the rule, we offer our early assessment of the top eight things planners and advocates should know about the final Clean Power Plan, and compare each point to the proposed rule.

Aug 03

Entering the Matrix: Compliance Options under the Final Clean Power Plan

Today, the U.S. Environmental Protection Agency (EPA) released the final version of its Clean Power Plan, the agency’s effort to regulate greenhouse gas emissions from power plants built before 2012. Since the proposed rule was issued as a draft over a year ago, utilities, state regulators, consumer advocates, and environmental groups have speculated about the final form, and what it might require. This isn’t the first rule that could spur substantial changes within the electricity sector.

Jul 23

Consumers Across the Country Will Save on Electricity Bills Under Clean Power Plan Compliance Pathway

Investing in high levels of clean energy and widespread energy efficiency programs can save money for a majority of households in each of the contiguous states, according to a Synapse modeling study released today. The analysis, part of a series of briefs on the impacts of EPA’s proposed Clean Power Plan on consumers, shows that households participating in state-sponsored efficiency programs can save an average of $35 on their monthly bills in 2030. Even non-participants will save money in 16 states.

Jul 14

What Should We Make of the Supreme Court MATS Ruling?

The recent Supreme Court ruling on the U.S. Environmental Protection Agency’s Mercury and Air Toxics Standard generated dramatic headlines in the media, but a closer look shows an outcome that is less earth-shaking and more pedantic.

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