Ekin Senlet, Regulatory Practice Area co-chair, and Angela Sicker, associate, had their “Pricing Carbon in New York” article published in Energy Law Advisor, the Institute for Energy Law’s online newsletter. The article examines the increasing popularity of carbon pricing and its influence on wholesale energy markets. The article states:
“NYISO argues that the carbon pricing concept will benefit consumers by reducing the cost of RECs and ZECs while also stimulating dynamic market responses. For instance, carbon pricing will incentivize a reduction of greenhouse gas emissions from existing fossil fuel generators by providing a price signal for investment in upgraded or new fossil fuel generators to replace energy production from older, less efficient fossil fuel units.”
The article also cites that politics affects the development of carbon pricing, stating that FERC will likely play a role in the goal of eliminating carbon emissions from the US power sector by 2035.
Click here to read the full article.