On December 31, 2012, the Executive Office of Energy and Environmental Affairs and the Department of Energy Resources sent four new studies to the Legislature, as required by the 2012 Energy Act (An Act Relative to Competitively Priced Electricity). Each of the following studies looks at improving or expanding different aspects of incentives to clean energy financing.
Heating and Cooling in the Massachusetts Alternative Portfolio Standard
The report provides an overview of the most important renewable heating and cooling applications, their current market status, and their potential in Massachusetts. The report also discusses and makes recommendations on several important policy issues. Heating and Cooling in APS
Evaluation of the Massachusetts RPS Class II Program
Recognizing the substantial dependency of the RPS Class II program on the Alternative Compliance Payment Mechanism instead of qualified generation, this report examines what legislative or regulatory steps would serve to reduce reliance on alternative compliance payments. RPS Class II Evaluation
Financing Energy Efficiency in Massachusetts: Analysis of the Proposed Massachusetts Energy Conservation Project
This report provides a review of energy efficiency financing mechanisms, including Property Assessed Clean Energy (“PACE”), that are available or may be implemented in Massachusetts for non-residential properties Pursuant to Section 92, Chapter 238 of the Session Laws of Massachusetts (2012). The report and its conclusions draw on the specifics of Massachusetts’ energy efficiency laws and programs, together with stakeholder interviews and discussions with financial institutions, utilities, state and local government representatives, and the advocate community. Financing Energy Efficiency in Massachusetts file size 1MB
Long-Term Contracting Under the Green Communities Act
The study details the reasons that long-term contracts for energy and RECs are, and will be, necessary for Massachusetts to meet the goals under its RPS with respect to Class 1 Renewable Generating Units. It concludes that the long-term contracting requirements under Section 83 reasonably fulfill the need for long-term contracts to support the renewable energy goals of the commonwealth. At the same time, the report concludes that there are currently an insufficient number of creditworthy entities willing to enter into long-term contracts with renewable energy developers. Study on Long-Term Contracting Under the Green Communities Act
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