Augusta Decides to Mess with Maine's Most Steadfast Generators (Hydro & Biomass)
Below is an August 7th, 2023, statement about the evolving trends of the REC markets from CES, an electricity service company with extensive experience in the REC market.
'Compliance REC markets affect end users in two ways. The costs that suppliers incur to procure compliance RECs to meet their obligations under RPS laws, are included in the electricity supply rates charged to customers. Therefore, sustained trends in compliance REC pricing may impact an end user’s energy spend. For some end users who own or contract with a renewable energy project that conveys the RECs of the project to the end user, those compliance RECs may be sold to suppliers to improve the economics of those projects."
"New England REC markets have remained steady for much of the past year, with a slight rise in Class I (new renewables) pricing towards the end of the 2022 REC trading year continuing to start 2023. Maine has seen more notable movement, as Maine Class I RECs, historically lagging have continued a steady rise in pricing, closing the gap with Class I REC pricing across the rest of New England, as a new RPS law passed in 2019 continues to ramp up demand each year. Meanwhile, ME Class II RECs (older resources, generally large hydroelectric facilities) rose to a high point in January on the back of sustained drought through much of 2022, only to fall as higher precipitation since last fall has increased supply in the market, bringing prices closer to historically typical levels in the low-single digits, and recently passed legislation has capped those prices at $10/REC going forward."
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Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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