Library filed under Taxes & Subsidies from Connecticut
The disagreement over Vineyard Wind’s waiver concerns a technicality in New England’s power markets. The company requested an exemption that would have allowed it to bypass a minimum offer price on subsidized energy resources that participate in the grid operator’s annual markets for reserve power. FERC agreed to a fix proposed by ISO New England that would allow Vineyard Wind to qualify for the exemption in the coming years.
"The environmental effects … will primarily accrue to the citizens of sparsely populated Aroostook County, certain parts of Canada's Maritime Provinces, and the Atlantic Ocean," regulators said in their decision to approve the contracts. On the electricity from Maine: "Because of transmission limitations, it appears that the electricity generated by this project will remain exclusively or largely in Maine and not be delivered to Connecticut or elsewhere outside of Maine," regulators said.
Yet, despite the operation of New Jersey’s small wind project since January, there is uncertainty about whether wind farms, particularly gigantic turbines positioned off the region’s coastline, will be embraced here. On Long Island, a 40-turbine project being considered off the South Shore is facing stiff resistance from opponents who argue that the turbines will damage pristine ocean views, fail to deliver cost-effective electricity and create environmental problems. In New Jersey, powerful local politicians have lined up behind wind power, where up to 80 turbines — rising 380 feet or more above the water along the South Jersey coastline — have been proposed to take advantage of the near-constant breezes.
...the MEA Report can be used to estimate the value (avoided emissions) of Renewable Energy Certificates (REC) by providing both REC suppliers and stakeholders with information that can be used to communicate the environmental benefits of RECs and works to enhance the overall REC marketplace. Editor's Note: As noted below under Methodology [emphasis added], this report appears to substantiate the point that wind energy would not backdown "baseload" generation.