NE Govs Pledge Cooperation On "Market-Based" Mechanisms To Value Nuclear, Renewable Attributes
March 18,2019
The six New England governors announced an effort to cooperate on developing solutions to value attributes of nuclear and renewable generation
"[T]he New England Governors commit to work together, in coordination with ISO New England and through the New England States Committee on Electricity (NESCOE), to evaluate market-based mechanisms that value the contribution that existing nuclear generation resources make to regional energy security and winter reliability," the governors said in a joint letter
"In addition, to the extent a state’s policies prioritize clean energy resources, those states commit to work together on a mechanism or mechanisms to value the important attributes of those resources, while ensuring consumers in any one state do not fund the public policy requirements mandated by another state’s laws. The New England states have demonstrated leadership in advancing market-based approaches such as the Regional Greenhouse Gas Initiative and we are hopeful collaboration can address this important issue as well," the governors said in a joint letter