CPUC Votes for Customer Ownership of RECs

The California Public Utilities Commission (CPUC) voted today 4-0 in favor of customer ownership of renewable energy certificates (RECs), which will provide another significant source of revenue for distributed generators in the state.

The vote for customer REC ownership comes two months after the CPUC issued a proposed decision to grant the certificates to utilities. Many renewable energy and environmental advocacy groups were upset with the Commission, saying that utility ownership would slow growth of distributed generation and hurt the California Solar Initiative (CSI), which started the first of January. “This once again proves that the Commission is committed to meeting the goals of the CSI in the most expeditious way possible,” said JP Ross, Policy Director for the Vote Solar Initiative. RECs are the value of the clean power produced by a distributed generation system. RECs for solar systems in California are currently priced at about 2 cents per kilowatt-hour (kWh) of generated energy. Owners can then sell those RECs to utilities and businesses on the voluntary and compliance markets, allowing for a faster payback for the system.
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I am a reporter with ClimateProgress.org, a blog published by the Center for American Progress. I am former editor and producer for RenewableEnergyWorld.com, where I contributed stories and hosted the Inside Renewable Energy Podcast. Keep in touch through twitter! My profile name is: Stphn_Lacey

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