Resources
Read More
Close
Repeal of NY Sales Tax Exemption to Hit Customers in June 2019

April 1, 2019

Governor Cuomo’s newly approved budget includes a straight repeal of the sales tax exemption that currently applies to all electricity and natural gas customers who purchase their energy from a third party energy company.

The budget, which has been passed by both houses, amends section 1105 of the tax law to declare that sales taxes will apply to “the transportation, transmission or distribution of gas or electricity, even if sold separately.”

Taking effect June 1, 2019, this change will increase the delivery portion of customers’ utility bills by 4.375% in New York City all the way up to an 11.375% increase in certain areas of upstate New York.

For additional information, please see the full details of the budget here.

Repeal of NY Sales Tax Exemption to Hit Customers in June 2019

April 1, 2019 Governor Cuomo’s newly approved budget includes a straight repeal of the sales tax exemption that currently applies to all electricity and natural gas customers who purchase their.

Read More
Close
Con Edison Requests Rate Increase from the Public Service Commission

February 19, 2019

Con Edison has filed a rate increase request with the New York State Public Service Commission (PSC) for both electricity and natural gas. If approved, customers could start to see the following increases in 2020:

  • Westchester: Electricity costs increasing 6%
  • New York City: Electricity costs increasing 4%
  • Westchester and New York City: Natural Gas costs increasing 11%

Con Edison says the rate increase would fund investments in clean energy and customer service, as well as large infrastructure improvements to their distribution systems.

The PSC has 11 months to approve or deny the increases, but historically they approved the increases that Con Edison sought in both 2014 and 2016. Stanwich Energy Advisors will keep you updated on the PSC’s response to the request.

Con Edison Requests Rate Increase from the Public Service Commission

February 19, 2019 Con Edison has filed a rate increase request with the New York State Public Service Commission (PSC) for both electricity and natural gas. If approved, customers could.

Read More
Close
NYISO Announces Updated Strategic Plan

February 5, 2019

 

In late January, the New York Independent System Operator (NYISO) announced its five year strategic plan outlining six target initiatives that will be focused on.

The six initiatives outlined by the NYISO include:

  • Grid Reliability and Resilience
  • Efficient Markets for a Grid in Transition
  • New Resource Integration Integration of Public Policy
  • Technology and Infrastructure Investment
  • Efficient and Flexible Business Model

Of note, the updated strategic plan includes the pricing of carbon emissions into the wholesale power market. This move could increase power prices by $10 to $15 per MWh in the coming years, according to Manan Ahuja, senior director of North America power modeling at S&P Global Platts Analytics.

With such a large potential increase, it could be a smart time to evaluate your options for locking in energy pricing. Please contact your Stanwich Account Manager or call 877-214-9066 to discuss these upcoming changes and what can be done to stay on top of your own strategic plan.

For more information, please refer directly to the NYISO’s published Strategic Plan for 2019 – 2023.

NYISO Announces Updated Strategic Plan

February 5, 2019   In late January, the New York Independent System Operator (NYISO) announced its five year strategic plan outlining six target initiatives that will be focused on. The.

Read More
Close
Massachusetts increases utility costs via clean energy bill

August 11, 2018

Massachusetts legislature has passed the bill, “An Act to promote a clean energy future,” which has been signed into law by Governor Charlie Baker. As part of this bill, there will be an increase in RPS charges on Massachusetts’ owners’ utility bills.

The RPS increase will be 1% in 2020, and then 2% every year through 2035. Please see the chart below that outlines this in further detail.

MA RPS increases

You can read the full H.4857 bill from the MA legislature here.

Massachusetts increases utility costs via clean energy bill

August 11, 2018 Massachusetts legislature has passed the bill, “An Act to promote a clean energy future,” which has been signed into law by Governor Charlie Baker. As part of.

Read More
Close
New Jersey Progresses Toward Renewable Energy Goals – Update

June 4, 2018

Updating from our recent article in April, New Jersey Governor Phil Murphy has officially signed new clean energy legislation into law. In addition to signing the expected bills, Governor Murphy also signed an executive order directing the government to compile a master plan to achieve a new goal of 100% renewable energy by 2050.

Overall, here are the main takeaways that Stanwich Energy Advisors would like to highlight about the new energy bills that have been passed:

1. Establishment of a Zero Emissions Certificate (ZEC) Program. Electricity distribution companies will be collecting these new ZEC charges from their customers.

2. Solar RECs. The bill increases solar targets in each year from 2019 through 2027, then gradually reduces the targets through 2033. These SRECs will show as new charges for New Jersey customers.

3. Class I RECS. The bill requires a 21% Class I REC target beginning in 2020, increasing to 35% by 2025, and then to 50% by 2030.

These new implementations will all result in additional costs for the energy that your building purchases. For more information about how these new bills will affect your specific buildings, please contact your Stanwich Energy advisor.

To read more about the bills that were just passed in New Jersey, please see this press release from the Office fo the Governor.

New Jersey Progresses Toward Renewable Energy Goals – Update

June 4, 2018 Updating from our recent article in April, New Jersey Governor Phil Murphy has officially signed new clean energy legislation into law. In addition to signing the expected.

Read More
Close
Connecticut Passes Legislation Overhauling Energy Policy

May 24, 2018

Connecticut lawmakers have recently passed a new energy bill as part of efforts to reduce greenhouse gas emissions.

Senate Bill 9, “An Act Concerning Connecticut’s Energy Future,” passed both the House and the Senate in landslide victories. Governor Dannel Malloy signed the bill into law today. The bill officially implements the 2018 Comprehensive Energy Strategy (CES) that was finalized earlier this year.

The main pieces of the legislation that could directly impact the price of energy for end-users is the increase in the Renewable Portfolio Standard (RPS) from the original 20% by 2020 to 40% by 2030. This increases the total amount of renewable energy being used in Connecticut, which can sometimes cost more than traditional energy sources. The year-by-year increases are outlined below.

CT RPS Increases

While the exact costs of these changes are not yet known, it is important to be aware of them in the coming years. Stanwich Energy Advisors will continue to monitor these changes and will update when more information is available.

You can read the full Senate Bill 9 from the ct.gov here.

Connecticut Passes Legislation Overhauling Energy Policy

May 24, 2018 Connecticut lawmakers have recently passed a new energy bill as part of efforts to reduce greenhouse gas emissions. Senate Bill 9, “An Act Concerning Connecticut’s Energy Future,”.

Learn More About Energy Management
Change this in Theme Options
Change this in Theme Options