New England Electricity Restructuring Roundtable

Location

Foley Hoag LLP

Seaport West
155 Seaport Boulevard
Boston, Massachusetts 02210

Directions »

Date/Time

June 10, 2022 9:00AM–12:30PM

Market (Redesign) Pathways to a Decarbonized Grid & Weaning Buildings Off Fossil Gas

Convener/Moderator: Dr. Jonathan Raab, Raab Associates, Ltd.

Agenda:

Welcome and Introductions - Dr. Jonathan Raab

Market (Redesign) Pathways to a Decarbonized New England Grid

As a result of the New England states participation in the Regional Greenhouse Gas Initiative (RGGI), carbon-emitting generation in New England pays a price for carbon it emits. But that price is too small - in and of itself - to shepherd in the amount of new carbon-free electricity resources that New England needs to decarbonize its electricity grid. Hence, many New England states have been issuing their own solicitations to procure clean energy resources (e.g, from off-shore wind and hydro from Quebec). Meanwhile, ISO New England, the New England states, and diverse regional stakeholders have been exploring various ways to redesign our wholesale markets to better align with our decarbonization aspirations. These ideas include the incorporation of a more impactful carbon price in wholesale energy markets and the introduction of a new forward clean energy market (FCEM).

At this Roundtable, we will examine the strengths and weaknesses of these various options, as well as stakeholder preferences regarding these choices. We begin with the findings of a recent ISO-New England sponsored comparative study conducted by Analysis Group. The study, which includes significant input from the New England States and NEPOOL stakeholders, compares the status quo with various approaches, including carbon pricing, FCEM, and a hybrid design combining carbon pricing and FCEM. We will then hear our panelists’ reactions to the study, and a spirited discussion about what New England should do.

  • Katie Dykes, Commissioner, Connecticut DEEP
  • Gordon van Welie, President & CEO, ISO New England
  • Todd Shatzki, Principal, Analysis Group
  • Peter Fuller, Principal, Autumn Lane Consulting

Weaning New England’s Buildings Off Fossil Gas

Decarbonizing buildings will likely be New England’s greatest carbon emissions reduction challenge in the coming decades - particularly in our existing building stock heated by natural (aka fossil) gas. Options for decarbonizing these buildings include deep weatherization, electrification, decarbonizing the gas itself by using renewable natural gas and hydrogen, and/or geothermal energy. Various important developments are currently underway in the region. These include consideration of a Clean Heat Standard in Vermont, suspension of subsidies for new natural gas hook-ups in Connecticut, and the establishment of a Clean Heat Commission in Massachusetts.

In this Roundtable, we focus on what may prove to be the most promising development for building decarbonization in the region--Massachusetts DPU’s 20-80 Docket [Role of Gas Local Distribution Companies as the Commonwealth Achieves its Target 2050 Climate Goals]. Specifically, we examine the Massachusetts’ gas distribution companies recently-filed strategic gas decarbonization plans and proposed common regulatory reform framework. These filings are, in large part, based on the recently-released Technical Analysis of Decarbonization Pathways conducted by E3 on behalf of the gas distribution companies. Leaders from National Grid and Eversource will present their strategic decarbonization plans, as well as the key findings from the E3 study and their joint regulatory reform framework. This will be followed by critiques of these proposals and the underlying study from leading voices on behalf of consumer and environmental advocates.

  • Judith Judson, VP & Head of US Strategy, National Grid
  • William Akley, President & COO of Gas Companies, Eversource Energy
  • Rebecca Tepper, Chief, Energy & Environment Bureau, MA AGO's Office
  • Amy Boyd, Director of Policy, Acadia Center

Register here to attend in person or to livestream.