A regulator’s “goodness” is defined by four fundamental traits: Omniscience; Solomonic Wisdom; Clairvoyance; and Righteousness.
Mandating Federal Renewables
The importance of getting the REC markets right.
fossil fuel generation, and new T&D systems are needed to replace aging infrastructure. Developing and deploying new capital, while minimizing the impact on ratepayers, is the goal. This goal cannot be met without federal coordination of renewable energy markets.
1. Renewable Portfolio Standards in the United States—A Status Report with Data Through 2007 , Ryan Wiser and Galen Barbose, Lawrence Berkeley National Laboratories, April 2008.
2. Assumes average cost of $2,000 per kW installed for renewable generation, 7-percent cost of capital, 35-year recovery period; U.S. average retail rate of 9.8 cents per kWh; Accenture Analysis.