Ceres Applauds Proposal for Regional Energy Market in the West

April 11, 2024 06:30 AM AEST | By 3BL

Google News:

Ceres Applauds Proposal for Regional Energy Market in the West — Image source: Kalkine Media

Recent News

Gold Resource Corporation Adds to Board of Directors

Bioxyne (ASX:BXN) Gains Global GMP Nod and Inks $5.6M German Deal Amid...

Warm Autumn Weighs on Kathmandu Sales: KMD Brands Warns of Earnings Sl...

HomeCo (ASX:HDN) Gains as Portfolio Value Rises, ASX200 Outlook Reinfo...

April 10, 2024 /3BL/ - Ceres welcomes the recommendations issued today by the West-Wide Governance Pathways Initiative in pursuit of a regional wholesale electricity market, a key milestone toward improving grid reliability, affordability, and clean energy deployment while maximizing benefits for large energy customers across western states.

“Businesses across the West support a regional organized electricity wholesale market for its many benefits — including a more reliable and efficient electric grid, more affordable utility bills, increased transparency, improved resource planning, and greater opportunities to power their operations with the clean energy resources they need to meet their climate goals,” said Geoff Crook, state policy director for the West, Ceres. “Ceres applauds the Pathway Initiative for issuing its recommendations today, and we celebrate them as a sign of serious momentum toward a better energy future across the western states.”

Today’s proposal outlines three steps to create an independent regional entity covering the largest possible footprint in the West. The first step calls for making substantive changes, within the scope of current law, to the independence of the Western Energy Imbalance Market’s Governing Body. The next step would be to create a new, independent regional organization that could leverage existing market infrastructure to minimize costs. These steps would in turn allow for enabling a full suite of market services.

Ceres has long supported the establishment of a regional electricity market in the West and has helped organize business advocacy for large commercial, industrial, and institutional energy customers in the region highlighting their design and feature recommendations.

About Ceres

Ceres is a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges. Through our powerful networks and global collaborations of investors, companies and nonprofits, we drive action and inspire equitable market-based and policy solutions throughout the economy to build a just and sustainable future. For more information, visit ceres.org and follow @CeresNews.

Media Contact: Helen Booth-Tobin, [email protected], 617-247-0700 ext. 214

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.