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Clean energy standard debate: why savings won’t appear until 2030 and how nuclear attributes factor in
Summary
Witnesses explained that switching from a renewable energy standard to a clean energy standard would not produce immediate rate savings; existing contracts and the treatment of nuclear attributes mean projected savings begin in 2030 under current assumptions.
Committee members asked how a proposed clean energy standard would affect costs. TJ Forum said savings tied to converting a renewable energy standard (RES) to a clean energy standard would not materialize immediately because of existing contracts and the timing of tier changes; modeled savings begin around 2030.
Forum explained that every megawatt-hour imported into New England carries attributes in the regional tracking system and that Vermont utilities currently claim some nuclear…
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