Why an RPS?
According to the Public Utilities Code, Section 399.11, an increase in renewable resources “may promote stable electricity prices, protect public health, improve environmental quality, stimulate sustainable economic development, create new employment opportunities, and reduce reliance on imported fuels.” However, these lofty goals overlooked one important element: execution. Drafting a law mandating a 20% renewable mix doesn’t create an overnight solar farm. In fact, by the end of 2009, the investor-owned utilities were woefully behind schedule. According to the California Public Utilities Commission (CPUC), the renewable score card looked like this: Southern California Edison: 16.8% Pacific Gas & Electric: 14.4% San Diego Gas & Electric: 10.5% New Rules to the Rescue To help utilities reach their 20% goal, the CPUC announced this week that the utilities can now purchase tradable Renewable Energy Credits (RECs) to meet their RPS mandates. This represents a significant departure from th
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