Grand Rapids, MI – 10/01/24 – Clear Energy is excited to announce that Michael Callahan has joined the firm to enhance its offerings in the Western Electricity Coordinating Council (WECC) Renewable Energy Certificate (REC) markets, national voluntary REC markets, and Midwest Capacity Markets. Based in Grand Rapids, Michigan, Michael will work alongside Ryan Cook to read more
The renewable energy procurement strategy, known by some as 24/7 carbon-free energy (24/7 CFE), remains out of reach of most businesses pursuing voluntary decarbonization pledges today. But many renewable energy analysts and experts believe it will disrupt energy markets. In a recent policy paper sponsored by the Clean Air Task Force, Northbridge Group Partner Neil read more
Clear Energy Brokerage Vice President Ryan Cook also attributed the price increases in PJM compliance RECs, in part, to the strength of the economy this year and warned that a recession could lead to a drop in demand. “If we have an economic downturn, we’re going to see a reduction in power consumption,” said Cook. read more
Illinois: IL compliance RECs have all moved to the IL IPA, but we still see a slight premium to the voluntary market for non-PJM IL based RECs…
Illinois: Not much change in the IL market as many of the previous out of state resources are no longer eligible for the market. In State resources still carry a premium to the national Green-e market… View PDF
Illinois: The IL market for instate RECs is trading at a slight premium to the national Green-e market. The new legislation has terminated the eligibility of many out of state resources, leaving them with few options… View PDF
Illinois: IL ARES REC prices have begun to separate themselves slightly from the general Green-e prices, but their trend line is the same. We are not seeing much of a change … View PDF
Illinois: Liquidity is the challenge for IL ARES Non Wind REC sellers these days as buyers have no trouble locating supply. Hydro and biomass provide plenty of RECs which keep the pricing well below $0.50. View PDF
Clear Energy is pleased to announce that Michael Rizzo has joined the environmental commodities brokerage team. Michael comes to the group with nearly 25 years of experience as a broker of illiquid and complex markets, and is a veteran in building trusted relationships over the long term. Previously, Michael was the Head of Trading and read more