Los Altos, September 12, 2023 — LCG Consulting, a pioneer in energy market analysis and consulting services, is proud to announce its groundbreaking prediction of the value of every path to be traded in the upcoming 2024 Annual Congestion Revenue Rights (CRR) auctions at the California Independent System Operator (CAISO).

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EIA Releases A Case Study of Transmission Limits on Renewables Growth in Texas using UPLAN Model

LCG, July 13, 2023 – This paper explores the interplay between projected renewable energy additions onto the electricity grid in Texas operated by the Electric Reliability Council of Texas (ERCOT) and the region’s existing electrical transmission network.

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Industry News

Duke Energy Files Solar Net Metering Agreement in North Carolina

LCG, December 1, 2021--Duke Energy announced yesterday that it has filed a net metering agreement yesterday with the North Carolina Utilities Commission (NCUC) designed to align solar adopter compensation to utility system benefits and create long-term stability for the residential solar industry in North Carolina. The agreement submitted must now be approved by the NCUC.

The net metering agreement was created by Duke Energy and the N.C. Sustainable Energy Association; the Southern Environmental Law Center on behalf of Vote Solar and the Southern Alliance for Clean Energy; Sunrun Inc. and the Solar Energy Industries Association. It must be approved by the NCUC.

Duke Energy’s North Carolina president stated, “Duke Energy is committed to finding collaborative paths forward to help with the clean-energy transition and carbon-reduction goals in the Carolinas. This deal ensures fair and reasonable treatment for all customers whether they choose to install solar or not.”

The net metering agreement allows for new net metering tariffs to go into effect for customers submitting applications on or after January 1, 2023.

Duke Energy has encouraged private solar ownership over the past three years with its $62 million solar rebate program that is expected to continue into 2023. North Carolina customers with private solar system installations has grown by a factor of four, from 6,000 customers at the start of 2018 to 24,000 customers today.

The net metering agreement submitted for approval in North Carolina follows a similar net metering agreement adopted a year ago for South Carolina. The new net metering agreement includes rate design mechanisms to properly collect costs of the grid infrastructure needed to serve solar customers. It also includes retail rates that vary based on the time of day and when the utility is experiencing peak demand.

Duke Energy’s vice president of strategic solutions stated, “The agreement modernizes rooftop solar economics and unlocks benefits for all customers. Net metering has been a contentious issue around the nation, but our stakeholder partners worked together to craft a fair solution that brings financial sustainability to rooftop solar in North Carolina.”

“This program pushes forward progress in North Carolina’s clean energy economy,” said the General Counsel and Director of Policy at North Carolina Sustainable Energy Association. “Not only does it advance the residential solar sector, it also provides a framework and agreement to work collaboratively on the next generation of nonresidential net metering. This agreement establishes new price signals and opportunities for homeowners to incorporate innovative technologies with solar – smart thermostats, battery storage and more.”

The Southeast Senior Regional Director at Vote Solar stated, “This agreement reflects the critical role that rooftop solar must play in North Carolina’s economy, clean energy transition and workforce development. In particular, the inclusion of a low-income solar program to be designed with input from stakeholders will bring the voices of low-income customers to the table, remove prohibitive cost barriers and unlock the benefits of solar for more North Carolinians. I’m hopeful that this promising step is one of many toward a 100% renewable energy future for the Carolinas, and that Duke Energy continues to invest heavily in clean energy sources and support for low-income households.”
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