12 Sep Daily Energy News: Another large user leaves NV Energy, Voltus offers DR to Louisiana C&I market, EU companies vie for blockchain
Another casino company leaves NV Energy as former state lawmaker urges voters to approve energy choice ballot question. Citing a filing with the Nevada Public Utilities Commission, Riley Snyder reports in the Nevada Independent that Atlantis Casino Resort Spa is the latest large electricity user seeking to leave NV Energy and purchase competitively priced electricity in the market. The casino company said it is negotiating with several potential electricity suppliers and aims to leave the utility by April 2019.
Meanwhile, Randolph Townsend, a former state lawmaker who spearheaded passage of the law allowing large electricity users like Atlantis to leave and purchase power in the competitive market, has penned an op-ed urging Nevada voters to approve Question 3, the pending energy choice ballot measure. He tackles head on the objection of many, that the ballot measure would alter the state’s constitution to end monopoly regulation and allow electricity competition.
“But many are asking, why must this be done in the Nevada Constitution?” Townsend writes in the Reno Gazette Journal. “Simply put: The monopoly, NV Energy, is the largest political donor in the state of Nevada and has spent more than $16 million on lobbyists in the Nevada Legislature over the last 10 years. As someone who has been there, I saw the power that NV Energy wields and I can tell you that we can only end their monopoly by allowing the people of Nevada to vote for the right to choose their energy provider.”
Lastly, utility-supported efforts to defeat the ballot initiative scored a win as the state teacher’s union came out in opposition to the energy choice measure on the ballot in November, calling it “risky and costly.” Nevada voters approved the ballot question overwhelmingly in the 2016 election, with 72 percent voting “yes.” To effectively alter the state’s constitution to end monopoly regulation and allow electricity choice in Nevada, the ballot question must pass again this November.
Voltus eyes demand response market for large C&I customers in Louisiana. Voltus Inc., the leading provider of demand response to the commercial and industrial market, announced it will bring Louisiana-based customers into the Midcontinent Independent System Operator (MISO) demand response market. This announcement makes Louisiana the fifth state in the MISO footprint that Voltus has opened, along with Illinois, Indiana, Michigan and Texas. “Large electricity customers are accustomed to the financial rewards of demand response in other regions like Texas, where electric rates have been more competitive and demand response is often used to combat rising rates while keeping jobs in the region. Now, Louisiana large energy consumers can enjoy these same rewards,” said Gregg Dixon, CEO of Voltus. Louisiana has the potential for 2,300 MWs of commercial and industrial demand response. See the press release at https://www.prnewswire.com/news-releases/voltus-opens-louisiana-demand-response-market-for-large-commercial-and-industrial-customers-300710124.html
Companies want blockchain technology for Europe’s electricity market. A growing number of companies want blockchain technology to become a core feature of Europe’s electricity market. An interconnected electrical energy system of the future must have democratic, decentralized, and resilient electricity trading. With blockchain technology, traders can do business with no centralized intermediary such as an exchange.
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