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Tag: Measure

Vistra Backs Illinois Transition Measure to Keep At-Risk Coal Plants Online Through 2025

April 12, 2021
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| Industry News

The post Vistra Backs Illinois Transition Measure to Keep At-Risk Coal Plants Online Through 2025 appeared first on POWER Magazine.

Bleeding financially from underperforming and legally burdened coal generation in downstate Illinois and elsewhere, Vistra, the nation’s largest competitive generator, has renewed its call for passage of the Illinois Coal to Solar and Energy Storage Act, a bill that could help keep 2.2 GW of existing at-risk capacity online through 2025 while the state expands its renewable and storage capacity.  

The Irving, Texas–headquartered company said it renewed its support for the bill owing to “mounting financial and legal pressures that now come from operating coal plants.” The announcement came as the company accelerated the closure of the 1.2-GW Joppa Power Plant in September 2022—three years earlier than previously disclosed—to settle a complaint related to pollution exceedances in Illinois. 

Vistra’s Heavily Burdened Coal Fleet 

The Joppa plant, which opened in 1953, has six coal units with a combined capacity of 1 GW, as well as five natural gas units with a combined capacity of 239 MW.…

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Germany Backs Measure to Replace Renewable Incentives with Competitive Auctions

July 15, 2016
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Lawmakers in Germany have voted to replace subsidies for wind and solar with competitively priced electricity prices.

The country’s upper (Bundesrat) and lower (Bundestag) legislative chambers on July 8 voted to adopt an amendment to the Renewable Energy Sources Act (EEG 2016) introduced by Minister of Economics and Energy Sigmar Gabriel. The legislation aims to replace feed-in tariffs with renewable energy auctions.

“[Renewable generators] are no longer small puppies,” Gabriel said as he introduced the bill earlier this year. “They have grown up and they need to face market pressure.”

The law is credited with enabling Germany’s energy transition, Energiewende, which calls for the country’s current share of renewable power to increase from 33% in 2015 to 40% in 2025, 55% in 2035, and 80% in 2050.

One of the earliest iterations of the law, EEG 2012 guaranteed feed-in tariffs for renewable power producers, setting fixed prices per kilowatt-hour, emphasizing priority access for renewables, and binding grid operators to buy all renewable power and sell it on the exchange.…

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