10-Year REC Forecasts, Supply & Demand Projections, and Policy Outlooks
ESAI Power evaluates the renewable energy issues, markets and trends in the PJM, New York, and New England market footprints. Coverage includes solar, onshore and offshore wind, hydroelectric, and storage. For each region, ESAI Power details the regulatory and market factors that impact the supply and demand balance for Class I Renewable Energy Credits (RECs) and projects the supply and demand balance of Class I RECs through 2032. Based on these projections, ESAI Power provides a Class I REC price forecast for the New England and PJM footprints and closely monitors renewable energy supply and demand developments in New York.
ESAI Power’s coverage of renewables includes:
- Class I REC price forecasts and factors driving changes to Class I supply & demand balance, including:
- Changes to individual state Renewable Portfolio Standard (RPS) mandates;
- Revisions to ISO load forecasts;
- State RFPs (Class I land-based and offshore wind resources);
- Renewable Energy Generation Asset Monitor and a quarterly Offshore Wind Monitor
- Renewable energy development trends such as costs of renewable energy technologies, challenges faced by developers with projects in the interconnection queues, and the changing penetration of different technology types.
- Coverage of relevant federal issues such as offshore wind permitting, and Investment Tax Credit and Production Tax Credit status.
- Generation Asset Monitor – this monthly database tracks the interconnection queue to forecast additions and also tracks those plants with announced retirements or those at risk of retirement in PJM, ISO-NE & NYISO.
- Offshore Wind Monitor – this database tracks the development of contracted offshore wind projects in PJM, ISO-NE & NYISO.
Renewables Watch
Renewables WatchTM is a quarterly report covering ongoing developments in clean energy and renewable power. Every quarter, ESAI provides an update on regulatory and market factors for solar, wind, hydro & storage for PJM, NYISO & ISO-NE. Renewables WatchTM provides Class I REC (Renewable Energy Certificates) Price outlooks to 2031 for the ISO-NE & PJM power generation and transmission system as well as the Supply & Demand Balance forecasts for the NYISO power generation and transmission system.
ESAI’s Offshore Wind Monitor tracks the development of contracted offshore wind projects in PJM, ISO-NE and NYISO. Our Renewables Watch quarterly report also outlines regulatory and market factors that impact the supply and demand balance forecast for Class I RECs and projects the supply and demand balance forecast for the next decade.
Our Renewables WatchTM service focuses on state and federal policies for clean energy, renewable power, and decarbonization and how the goals of these policies will be met. Subscribers to Renewables WatchTM receive quarterly updates about the supply and demand balance for renewable energy and ESAI Power’s forecast for renewable energy credit (REC) prices in PJM, ISO-NE & NYISO. This ongoing, in-depth coverage provides developers, investors, regulators, and policymakers with an up-to-date, detailed picture of the clean energy sector outlook, ongoing policy developments, and the outlook for related markets.
Each of the first four quarterly issues will provide a comprehensive and in-depth overview of a selected set of topics. Future issues will provide updates in these areas. The first four issues will provide a comprehensive reference with detailed background information about clean energy mandates, decarbonization policy, development/investment opportunities, and market outcomes. ESAI will continue to make these background documents available to subscribers, along with providing updates through the ongoing quarterly issues of Renewables WatchTM.
Renewables WatchTM focuses on:
- Participation by renewable and storage resources in the Northeast Installed Capacity Markets
- State Renewable Portfolio Standard (RPS) requirements and associated supply, including information on projects selected in various renewable RFPs, historical data pertaining to RPS compliance, and how they affect the outlook for Class I REC prices
- Other state and federal incentives for Class I resources and associated infrastructure
- An overview of battery storage mandates and incentives by state
ESAI Power welcomes the opportunity to engage with existing customers and new companies to discuss Renewables Watch, discuss the contents of the report, and gain valuable feedback on what subscribers would like to see in future reports. Representative potential topics for future issues and ongoing coverage currently are:
- Progress towards decarbonization goals
- Electrification and power demand
- Class II REC programs and carve-outs within Class I programs
- Polices and incentives for distributed renewable generation and storage resources
- Capital costs and technology advancements in the clean energy sector
We provide Class I REC price forecasting and analysis of market and policy issues.
Read our Renewables Watch Blog Posts
Read our Renewables Watch blog posts as we evaluate the renewable energy issues, markets, and trends in the PJM, New York, and New England market footprints. Coverage includes solar, onshore and offshore wind, hydroelectric, and storage. We share the latest regulatory and market factors that impact the supply and demand balance for Class I Renewable Energy Credits (RECs) and provide the supply and demand balance of Class I RECs through 2030.
Link to: Blog Page
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