Green Energy Exchange – The First Step for Clean Energy

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Green Energy Exchange - The First Step for Clean Energy
Green Energy Exchange – The First Step for Clean Energy

In February, a number of utilities submitted a proposal with the Federal Energy Regulatory Commission (FERC) to create Southeast Energy Exchange (SEXE), a market for renewable energy. We will continue to monitor these developments and work towards reforming the electricity market in the South East. We haven’t published anything about Seem for a while, but we have outlined our answers to recent questions about the market, why it is happening, and who is involved. Sources: 11

A number of utilities in the Southeast want to establish the Southeast Energy Exchange, a market that seems to be on the right track. They submitted a proposal to the Federal Energy Regulatory Commission (FERC) in February and plan to approve it by May 13. The SEED is the latest attempt by utilities in the Southeast to organize to realize cost savings and economies of scale. Sources: 2, 4

The funny thing about utilities is that the vast majority of people don’t know much about them, but they affect every single person who uses the energy they sell, and that’s important. As the non-profit advocacy group Southern Alliance for Clean Energy (SACE) explains, the Southeastern energy exchange market seems to be a good step not only toward switching to green energy, but also toward lowering energy costs. Sources: 4

It starts with energy data and the dialogue with end-users about their electricity. It starts with the realization that in order to understand their electricity consumption, consumers do not have to be energy experts to be interested in energy. Sources: 0

In this blog post, part two of a four-part series, I delve into the economics of our electricity system and the role that price plays in accelerating a clean energy economy. Including the health and environmental costs of electricity in the price we pay for it is a solution advocated by the Environmental Defense Fund. This will help to reduce pollution, ensure a level playing field for clean energy in our electric markets and create a cleaner system. Sources: 3

Trade in renewable energy is an emerging issue in the electricity sector, which has received little attention so far. The terms renewable energies and electricity trading are rarely found in one sentence. The carbon intensity of electricity generation varies according to fuel technology, with coal and oil producing most of the carbon and certain renewables, such as solar and wind, none. Sources: 3, 9

According to the profile of the German wholesale electricity market discussed in Clean Energy Wire, energy prices can be negative (below zero) at certain times if the excess demand for renewable grids is absorbed. This happens at peak times of demand, such as severe cold snaps in winter or heat waves in summer, when energy prices soar to extreme heights. On the other hand, if the supply of renewable energy does not develop as expected, or if unforeseen clouds or calm conditions are expected in real time, energy markets may struggle to clean up. Sources: 9

These problems are not in sight in view of the reduction in renewable energy. Wholesale electricity markets, where renewables have achieved significant penetration, continue to behave as before. The market for energy capacity is a market for surplus renewable energy from Southeast Asia. Sources: 2, 9

Transfer requires regional planning to best meet the needs of renewable energy developers and reduce the cuts. The ability to respond to rapid changes in the supply of intermittent renewable energy is crucial for future energy security. Sources: 2, 6

The basic principle of interconnectors is that they enable countries to share their energy systems and work together to make them greater than the sum of their parts. By providing access to safe renewable energies and improving reliability, they provide a more cost-effective energy system. In fact, we calculate that if the government meets its Clean Growth Strategy target of 179 gigawatts of interconnectors, it will save $20 billion over 25 years. Sources: 6

Community Choice Energy promotes energy democracy by empowering community stakeholders to participate in energy issues that affect their lives. Community Choice Energy accelerates the adoption of renewable energy, strengthens the local economy, and shifts energy decision-making to local control. Green Energy Exchange delivers affordable renewable energy directly to households and businesses. Sources: 1, 8

At the Green Energy Exchange, we supply individuals and companies with green electricity from our renewable energy partners. A payment method called PylonCoin is used to reward the production of sustainable energy and to support projects with sustainable technologies. Poles are places where people exchange green energy and buy renewable energy from companies like RE. Sources: 0, 5

Rodl provides Renerex project developers, project vendors, investors, PPAs and offtakers to exchange information on renewable energy projects. Project developers and project vendors can control what information they want to share with potential investors and off-takers. Sources: 10

Traded funds (ETFs) in the energy exchange invest in stocks of natural gas, oil and alternative energy companies. The three biggest holdings include Enphase Energy Inc. (ENPH), a developer and manufacturer of microinverter systems for the photovoltaic industry, Solaredge Technologies Inc. (SEDG), an Israeli-based provider of solar energy optimization and photovoltaic monitoring solutions, and First Solar Inc., an FSLR manufacturer of solar panels and related services. Green Energy Exchange has a combined strategy of investing in growth and value stocks in the US clean energy sector. Sources: 7

Energy Exchange Traded Funds (ETFs) cover a wide range of companies, regions and risk profiles in what they offer investors. The securities in an energy ETF portfolio can include large companies such as Enbridge Inc (ENB) and smaller but growing companies in the sector such as SunPower Corp. (SPWR). The largest US utilities have submitted plans for the Southeast Energy Exchange, a market for electricity trading platforms that they say could lower electricity prices for 50 million people and better integrate the growing share of clean energy in the coming years. Sources: 7, 12

Clean-energy advocates and major energy companies worry that the plans, submitted to regulators in North and South Carolina on Friday, could divert efforts in those states to explore a broader spectrum of grid planning and integration in the region. Pauline Kurtzman, President and Chief Executive Officer of the North Carolina Sustainable Energy Association, echoed Reba’s concerns in an interview Monday. He cited concerns from consumer advocates that utilities would start discussing a plan at the end of 2019 but would not announce the plans until this summer. 

Cited Sources

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