Dive Brief:

• A Northeast Utilities biomass plant in New Hampshire landed a 10-year contract to sell renewable energy credits (REC) to Connecticut.
• The 21.5-MW plant will help Connecticut utilities meet the state's renewable energy requirements. Connecticut also signed contracts with two small biomass facilities in Vermont.
• The contract with the state is part of a new effort to lower renewable compliance costs.

Dive Insight:

Under a new law, Connecticut's Department of Energy & Environmental Protection can buy RECs under long-term contracts on behalf of the state's utilities. The long-term contracts are expected to be less expensive than the utilities' short-term contracts.