ITC Probing Economic Impact of Renewable Goals, Imports to New England
The post ITC Probing Economic Impact of Renewable Goals, Imports to New England appeared first on POWER Magazine.
Responding to a request from a Democrat-led U.S. House committee, the federal International Trade Commission (ITC) is investigating how New England’s increasing renewable targets are economically affecting the region, and what role renewable imports play in meeting those commitments.
The ITC, an independent, nonpartisan and quasi-judicial federal agency that also provides fact-finding as it relates to international trade, on Feb. 12 announced it was seeking input for the investigation, which was requested by the House Committee on Ways and Means on Jan. 23.
The ITC’s probe will focus on Massachusetts, and it will involve a review of Massachusetts’ electricity market, and residential and commercial rates, to understand how domestic and imported power sources affect the commonwealth. However, it will also look into renewable energy goals and commitments made by other New England states—and, significantly, it will assess how the state is faring in its transition from nuclear and fossil fuels to renewables.…