Massachusetts’ CPS, the first-of-its-kind in the US, is a market-based policy to incentivise resource deployment and operation during times of electric system peaks, which is critical to widescale deployment of clean energy sources and deep decarbonisation of the energy sector. The CPS opens a new revenue source for a wide variety of Clean Peak Resources through a nuanced and dynamic market for Clean Peak Energy Certificates (CPECs). CES and SEA’s Massachusetts CPMO aims to arm market participants with an objective and enhanced view of this complex market and its evolving guidelines, risks, and opportunities to empower informed decision making in the face of uncertainty.
“SEA’s experience as the region’s leader in renewable energy certificate market analysis complements our deep expertise in market opportunities for energy storage and demand response technologies, making them the perfect partner for this service” said Mike Berlinski, Director of Emerging Technology at CES. “Our unique perspective, and combined rigorous fundamental research and in-depth market modeling, will help guide subscribers through the uncharted territory of Massachusetts’ CPS.”
CES and SEA previously collaborated to develop the first market model of the CPS commissioned by the Massachusetts Department of Energy Resources (DOER) for use in establishing its CPS regulations.
“Massachusetts’ CPS is a groundbreaking and exciting new market opportunity that both CES and SEA have been involved with from the very beginning by helping to shed light on how it will work” added Bob Grace, Managing Director & President of SEA. “The CPMO is modelled after our Renewable Energy Market Outlooks, which have helped REC market participants develop well-founded market views since 2005. It will provide a cost-effective way for CPS market participants to stay on top CPEC pricing expectations and shifts, as well as opportunities and risks.”
Through Market Fundamentals Briefings delivered via live, web-based webinars held three times a year, CPMO subscribers will gain objective insight on market drivers, trends, and market participant viewpoints. SEA and CES will review their scenario-based analyses on market uncertainties and how they will impact supply-demand balance and prices, CPEC pricing forecasts, examine revenue gap analyses and value stack trade-offs for specific clean peak resources, and more. CPS Primers and a CPEC calculator round out the service features.
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