The electric power sector is undergoing an unprecedented transformation due to a shift from large centralized power plants to distributed resources, competition from third parties and the societal need to dramatically reduce carbon emissions that contribute to climate change. As the world transitions to a low-carbon economy, electric utilities face growing pressure to provide cleaner energy to more people at reasonable prices.
Ceres works with investors, electric power companies and a range of stakeholders and experts to advance innovative solutions to cost-effectively de-carbonize the electric power sector. We build investor and company leadership to identify, disclose and address carbon asset risks and clean energy opportunities and scale solutions that will help us transition to a low-carbon economy.
We set high standards for the electric power sector to successfully transition to a low-carbon economy, providing specific recommendations that all electric utilities can use to improve energy efficiency, reduce carbon emissions, increase renewable energy and improve power grid functionality to deliver clean, affordable energy to businesses and communities across the U.S.
These recommendations include:
- Manage carbon across the enterprise, and set science based targets
- Pursue all cost-effective energy efficiency
- Deploy and integrate large-scale and distributed renewable energy resources
- Utilize smart grid technologies for consumer benefit
- Conduct robust and transparent resource planning, including 2 Degree Scenario Analysis (2DS)
- Develop rate designs that align with societal goals
Our experts regularly release benchmarking reports on air emissions and clean energy to enable investors and electric power companies to make more informed decisions and better manage how our energy is sourced, produced and used by customers.
The bottom line is, if we’re going to reduce carbon emissions and tackle climate change, electric power companies must accelerate the transition to low-carbon energy sources and provide clean, affordable and reliable electricity to power our economy.
April 24, 2017
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