Governor signs offshore wind energy bill
The bill establishes an offshore wind renewable energy certificate program and authorizes the Economic Development Authority to provide tax credits for qualified wind energy facilities.
Sponsors of the measure say wind projects would create significant development and environmental benefits for the state.
A state study released in June found wind energy would have little negative impact on New Jersey's environment.
Christie signed the measure at the Paulsboro Marine Terminal port.
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Price Spikes in Ireland Fuel Concerns Over Dispatachable Power Shortages in Europe
DUBLIN - Irish grid-balancing prices soared to €3,774 ($4,284) per megawatt-hour last month amid growing concerns over dispatchable power capacity across Europe.
The price spike, triggered by an alert regarding generation losses, came only four months after Ireland and Northern Ireland launched an Integrated Single Electricity Market (ISEM) designed to make trading more competitive and improve power distribution across the island.
Evie Doherty, senior consultant for Ireland at Cornwall Insight, a U.K.-based energy consultancy, said significant price volatility was to be expected while ISEM is still settling down.
When the U.K. introduced a single market for Great Britain, called British Electricity Trading and…
