Florida PSC Adopts Rules to Promote Renewable Energy Generation

To promote the development of renewable energy resources in Florida, the Florida Public Service Commission (PSC) adopted new rules designed to provide renewable energy developers more pricing options when entering agreements to sell energy to Florida’s five investor-owned utilities (IOU).

The greater flexibility will help existing and potential renewable energy providers to finance new projects and strengthen the position of established facilities. “Encouraging the growth of Florida’s renewable energy market will help the state reduce its growing dependency on natural gas for electric production and provide consumers with a diverse fuel mix less subject to volatile price fluctuations,” said PSC Chairman Lisa Polak Edgar. “The innovative rules adopted today represent a balance between the interests of developers of renewable energy generation, Florida’s investor-owned utilities and the state’s consumers.” The PSC also directed the IOUs, municipal electric utilities and rural electric cooperatives to report annually on the level of renewable generation in their service areas. As directed by the Florida Legislature, the Commission will continue to encourage the growth of renewable generation and development of viable energy sources, ensuring greater energy and economic security for Florida.
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