CPUC Proposed REC Decision DelayedA California Public Utilities Commission (CPUC) proposed decision to grant solar renewable energy certificates (SRECs) to utilities was delayed on Tuesday, November 14, because of the overwhelming response from the solar industry against such a decision.
David Hochschild, Executive Director of PV Now, said that the California solar industry sent a clear message to the CPUC.
"We've had a number of companies including Google basically convey the message that they would not invest in solar if the RECs went to the utilities. Companies like California Sun Edison have said they will leave the California market if utilities get the RECs. And the California Building Industry Association has joined the CSI proceedings, so all the new home builders are advocating for customer ownership of RECs. This could be huge," he said. It is unclear how long it will take for the CPUC to issue a proposed decision. In the meantime, Hochschild and other solar advocates are encouraging interested parties to write to the CPUC with comments or concerns on the issue.
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Stephen Lacey
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The revenue from SREC's being sold should go to the owner of the physical facility being claimed. This will further encourage investments in renewable energy by other investors. It will improve the ROI for the small implementor of renewable energy equipment.