You are here

Economics - NY

The mission of this working group is to focus on discussions about economics.

Members

Albert Gomez Amanda Cole Irilin Kathy Gilbeaux mdmcdonald

Email address for group

economics-ny@m.resiliencesystem.org

Valuing the Resilience Provided by Solar and Battery Energy Storage Systems

submitted by John Cooper

                                     

cleanegroup.org

Summary:

Researchers from NREL and Clean Energy Group found that placing a monetary value on the ability of solar+storage to avoid losses during grid outages can significantly impact project economics and system design. Using data from Southern California Edison, researchers analyzed the economic case for solar+storage for three customer types (school, office building, and hotel) in Anaheim, California. In each case analyzed, larger PV and battery storage systems were found to be economical when the value of resilience is accounted for.

CLICK HERE - Valuing the Resilience Provided by Solar and Battery Energy Storage Systems

 

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Climate Change Isn’t Just Hurting the Planet – It’s a Public Health Emergency

           

‘Local air pollution around the world kills about 6.5 million people annually.’ Photograph: Alamy Stock Photo

Doctors have revealed that millions are already suffering the effects, in the spread of infectious diseases, uneven crop yields and longer allergy seasons

CLICK HERE - STUDY - The Lancet - Health and climate change - The Lancet Countdown on health and climate change: from 25 years of inaction to a global transformation for public health

theguardian.com - by Christiana Figueres - October 31, 2017

A report just published in the Lancet from the specially created Lancet Countdown initiative, reveals just how bad climate change is for public health. The diagnosis reveals that hundreds of millions of people are already suffering the health impacts of climate change. Its insidious creep is being felt in multiple ways: rising temperatures are hastening the spread of infectious diseases; crop yields are becoming uneven and unpredictable, worsening the hunger and malnourishment for some of the most vulnerable people on the planet; allergy seasons are getting longer; and at times it is simply too hot for farmers to work in the fields.

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Utilities companies won't let you sell your own solar power. Why not?

The electric utility sector is broken – but the transformation we need will be virtually impossible so long as a handful of wealthy elites are calling the shots

           

Utilities companies have their sights on ending net-metering: your ability to sell excess power at market rates. Photograph: Rex

CLICK HERE - REPORT - Energy and Policy Institute - Utilities Knew: Documenting Electric Utilities’ Early Knowledge and Ongoing Deception on Climate Change From 1968-2017

theguardian.com - by Kate Aronoff - August 1, 2017

A new report from the US-based Energy and Policy Institute last week found that investor-owned utilities have known about climate change for nearly 50 years – and done everything in their power to stop governments from doing anything about it.

From their commitment to toxic fuels to their corrosive influence on our democracy to their attempts to price-gouge ratepayers, it’s long past time to bring the reign of privately-owned electric utilities to an end.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Why are Californian Solar Firms Paying to Give Away Power?

           

Getty Images

bbc.com - June 29, 2017

California companies are generating so much solar power that firms in other states are getting paid to take it.

The state has been forced into the arrangement to "avoid overloading its own power lines", according to the Los Angeles Times.

The situation doesn't necessarily mean we are "throwing money away", says economist Severin Borenstein, a professor at UC Berkeley's Haas School of Business.

"But it probably is an indication that there are some serious problems in the way we're running the grid and the way we're making investment decisions."

(READ COMPLETE ARTICLE)

 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

'Spectacular' Drop in Renewable Energy Costs Leads to Record Global Boost

Falling solar and wind prices have led to new power deals across the world despite investment in renewables falling

           

Solar panels on sale at the Naran Tuul market in Ulaanbaatar, Mongolia. Photograph: Seong Joon Cho/Getty Images

CLICK HERE - Global Status Report - REN21 - Renewable Energy Policy Network for the 21st Century

theguardian.com - by Damian Carrington - June 6, 2017

Renewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell.

The greater “bang-for-buck” resulted from plummeting prices for solar and wind power and led to new power deals in countries including Denmark, Egypt, India, Mexico and the United Arab Emirates all being priced well below fossil fuel or nuclear options . . .

 . . . The new renewable energy capacity installed worldwide in 2016 was 161GW, a 10% rise on 2015 and a new record, according to REN21, a network of public and private sector groups covering 155 nations and 96% of the world’s population.

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Are Solar and Wind Really Killing Coal, Nuclear and Grid Reliability?

           

Lessons from the Lone Star State: A surge in wind power on the Texas grid didn’t cause reliability problems (and brought down electricity prices) because regulators improved the efficiency of wholesale electricity markets. Sarah Fields Photography/Shutterstock.com

theconversation.com - by Joshua D. Rhodes, Michael E. Webber, Thomas Deetjen and Todd Davidson - May 11, 2017

U.S. Secretary of Energy Rick Perry in April requested a study to assess the effect of renewable energy policies on nuclear and coal-fired power plants.

Some energy analysts responded with confusion, as the subject has been extensively studied by grid operators and the Department of Energy’s own national labs. Others were more critical, saying the intent of the review is to favor the use of nuclear and coal over renewable sources.

So, are wind and solar killing coal and nuclear? Yes, but not by themselves and not for the reasons most people think. Are wind and solar killing grid reliability? No, not where the grid’s technology and regulations have been modernized. In those places, overall grid operation has improved, not worsened.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

2016: A Historic Year for Billion-Dollar Weather and Climate Disasters in U.S.

           

CLICK HERE - NCDC - NOAA - Billion-Dollar Weather and Climate Disasters: Overview

climate.gov - by Adam B. Smith - January 9, 2017

NOAA’s National Centers for Environmental Information (NCEI) tracks U.S. weather and climate events that have great economic and societal impacts (www.ncdc.noaa.gov/billions). Since 1980, the U.S. has sustained 203 weather and climate disasters where the overall damage costs reached or exceeded $1 billion (including adjustments based on the Consumer Price Index, as of January 2017). The cumulative costs for these 203 events exceed $1.1 trillion.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

As Solar Booms, Utilities Look to Build New Business Models With Strategic Investments

           

Image credit: Flickr user 10 10

utilitydive.com - by Herman K. Trabish - March 14, 2017

Beyond simply contracting for solar, utilities are increasingly investing in the sector to ‘position themselves to be the utility of the future'

Solar energy is becoming a generation resource so ubiquitous that utilities are looking beyond simply contracting for new capacity and are increasingly moving into the sector themselves.

Solar added a record-breaking 14,762 MW of capacity in 2016, nearly doubling its 2015 growth. The resource added 39% of all new U.S. generation capacity in the year, making it the leader among all resources for the first time.

Growth was dominated by utility investment in 2016, a trend that’s expected to continue, according to a new report from the Solar Energy Industries Association and GTM Research.

(READ COMPLETE ARTICLE)

 

 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

The Murky Future of Nuclear Power in the United States

A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

Image: A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

nytimes.com - February 18th 2017 - Diane Cardwell

This was supposed to be America’s nuclear century.

The Three Mile Island meltdown was two generations ago. Since then, engineers had developed innovative designs to avoid the kinds of failures that devastated Fukushima in Japan. 

(VIEW COMPLETE ARTICLE)

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

From Coast to Coast, Middle-Class Communities are Shrinking

CLICK HERE - STUDY - Pew Research Center - America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas

latimes.com - by Don Lee - May 11, 2016

America's shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday.

The report by Pew Research Center found that the share of the middle class fell in 203 of the 229 U.S. metropolitan areas examined from 2000 to 2014, including major cities such as New York, Los Angeles and Chicago, which saw a relatively sharp drop in its middle class.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Pages

howdy folks