Layered on top of ever-evolving industry restructuring and corresponding FERC rulemakings, we have the provisions of the Energy Policy Act of 2005. When viewed in totality, the new energy...
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.