8 December 2016 2016 08:22 AM GMT

Progress On Groundbreaking Energy Bill: Creating Jobs And Advancing Clean Energy

Exelon Generation and ComEd last week applauded the House Energy Committee’s passage of a streamlined version of the Future Energy Jobs Bill that will maintain Illinois’ competitive electric rates, preserve and create thousands of jobs and expand clean energy at a cost substantially below 25 cents per month for the average ComEd residential customer. The Committee voted 10 to 1 approve the measure.

In addition to lowering costs, the legislation will jumpstart clean energy development, expand aid and job training to low-income residents and support high-paying jobs. The bill has gained broad support from more than 200 business, labour, environmental and other groups, including the Chicagoland Chamber of Commerce and Illinois Retail Merchants Association. It also has support from members of the Clean Jobs Coalition, which includes the Citizens Utility Board, Natural Resources Defense Council, Sierra Club, Environmental Defense Fund and others. In addition, it has the support of a broad coalition of faith-based groups, who highlighted the proposal’s cost-savings and jobs benefits to low-income residents at a press conference held Monday. Participating organisations included the Metropolitan Apostolic Community Church, Illinois Medical District, New Mount Pilgrim Church, New Spiritual Ministry, Faith in Place and the Triedstone Full Gospel Baptist Church.

The revised proposal retains important provisions to preserve 4,200 jobs at Exelon’s Clinton and Quad Cities nuclear plants, support cleaner air, create thousands of new clean energy jobs by advancing clean energy development and providing businesses flexible options for capturing savings through expanded energy efficiency initiatives. It also prevents the loss of $1.2 billion in economic activity generated by the plants and an estimated $10 billion in increased costs associated with higher carbon emissions that would occur if the plants close. When all of the economic impacts are calculated, benefits of the legislation far outweigh costs.

The latest changes come after discussions with stakeholders, including environmental groups, renewable and clean energy developers, faith-based organisations, consumer advocates, business groups, utilities and community leaders, among others.

Since it was first introduced and passed November 16 in a 9 to 1 vote by the Illinois House Energy Committee, changes to the bill include eliminating the demand based rates provision and the Fixed Resource Adequacy Plan, or FRAP. In addition, ensuring that the Zero Emissions Standard proposal will preserve Exelon’s Illinois nuclear plants for at least 10 years and include even stronger consumer protections. Also, revising the scale of the energy efficiency program and giving large industrial energy users the option of managing their own programs to reduce costs; reducing the number of proposed microgrids from five to one; plus providing $750 million in funding for low-income programs, which will go toward bill payment assistance and programs that increase access to clean energy, energy efficiency and job training

“We have continued to listen to feedback from all parties and have revised the bill to further reduce costs while still preserving and creating jobs and delivering a much-needed boost to Illinois’ economy,” said Joe Dominguez, Exelon’s executive vice president, Governmental and Regulatory Affairs and Public Policy. “By any objective analysis, the economic benefits of this legislation far outweigh the costs and will give Illinois a significant advantage in maintaining competitive electric rates and competition for clean energy jobs. Today’s committee vote is another important step towards enacting this urgently needed legislation.”

“We have worked with a variety of stakeholders on this latest amendment to the bill and reduced cost and increased value for consumers and the Illinois economy. This bill accomplishes important goals such as preserving thousands of well-paying jobs and creating thousands more, supporting clean energy and providing an economic boost to Illinois,” said Fidel Marquez, senior vice president, government and external affairs, ComEd. “We applaud the committee’s action and look forward to working with all stakeholders to continue making progress.”

Exelon Corporation is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2015 revenue of $34.5 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. It’s one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.5 million residential, public sector and business customers, including more than two-thirds of the Fortune 100.

Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation, with approximately 10 million customers. ComEd provides service to approximately 3.8 million customers across northern Illinois, or 70 percent of the state’s population.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 9th 2019
Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

solar energy qmqr18