Archive for January, 2018

SRECTrade to speak at DistribuTECH 2018 – January 24, 2018

Posted January 23rd, 2018 by SRECTrade.

SRECTrade’s CEO, Steven Eisenberg, will be speaking at DistribuTECH 2018 on Wednesday, January 24th in San Antonio, TX. The panel, Building the Transactive Energy Marketplace, will be from 1:30 to 3:30 p.m. in Room 214C.

Alongside other distributed generation and energy specialists, Steven will discuss the infrastructure needed to support a transactive energy marketplace in which energy asset owners and other market participants buy and sell energy and other attributes. The panel will cover the capabilities and requirements needed to continue to facilitate the growth and development of the industry and overarching vision of a transactive energy marketplace. Topics covered will include advanced metering infrastructure, distributed intelligence, blockchain, and cloud computing.

A full conference agenda and materials can be found here: DistribuTECH 2018 – Building the Transactive Energy Marketplace.

New Jersey Senate Passes Concurrence on S-2276

Posted January 10th, 2018 by SRECTrade.

Please note that the original blog post was slightly revised on January 11, 2018.

On Monday, January 8th, the New Jersey Senate passed the amended Senate Bill 2276 (S-2276), following the Assembly Telecommunications and Utilities Committee’s amendments from mid-2017. The bill now rests on the desk of outgoing Governor Chris Christie (R) for a decision. Although it appears likely that Gov. Christie will pocket veto the legislation when his term ends on Tuesday, January 16th, Governor-Elect Phil Murphy (D) has his eyes set on New Jersey accomplishing 100 percent clean energy by 2050 and leading New Jersey to regain its status as a national leader in solar.

The bill passed by a considerable margin (26-8), demonstrating a strong consensus for support of the Garden State’s renewable energy industry, and also sending an important message to Governor-Elect Murphy regarding the urgency of this legislation.

If signed into law, the bill would establish the New Jersey Solar Energy Study Commission and increase the state’s solar renewable energy portfolio standard. The commission is intended to analyze all aspects of New Jersey’s solar industry and report findings and recommendations to the Governor and Legislature, specifically:

  1. As to whether New Jersey’s solar renewable portfolio standard (RPS) should be modified and extended through a prescribed period, but at least through energy year 2031;
  2. The current trends in utility interconnection study processes and costs; and
  3. The status and future of the state’s solar renewable energy credit market

In the bill, the Legislature speculated that New Jersey’s current statutory solar RPS could result in the loss of over 120 MW of solar per year through 2021, over $240 million per year in lost solar projects, and 5,000 clean energy jobs per year. To ensure the continued success of New Jersey’s solar industry, it is critical that the state pass both interim and future long-term measures to stabilize the industry and promote long-term, sustainable growth.

SRECTrade will continue to provide updates on this and other New Jersey legislative efforts.