California has strengthened its commitment to the development of renewable electricity. Previously, the state electricity regulatory agencies have proposed a next-generation buy-back price plan medium-sized solar project will open a new market opportunity.
California Public Utilities Commission has proposed a renewable electricity through the repurchase price auction mechanism to determine the mode, which will build a 1 gigawatt of the pilot program, and asking the state’s power companies from the production capacity from 1 MW to 20 trillion watts of renewable electric power system purchase.
California’s three largest investor-owned electricity company every two years for renewable energy companies to bid, given competitive bids. These auctions will provide project developers of renewable electricity contract until the total production capacity of these projects 1,000 MW.
The auction will use the standard tender terms and restrictions to reduce transaction costs and provide the necessary financing for the effective transparency of the contract.
An appeal to the large-scale use of solar power, non-profit organization Vote Solar pointed out that the new repurchase program will respond to price in California and around the world to limit massive renewable electricity policy challenges hp Pavilion dv9000 battery hp Pavilion ZD7000 battery .
“California in the development of large-scale solar power plants and homes and businesses to install small solar systems have sound policies, but in middle-scale solar projects, but there is a clear omission.” Vote Solar, said Adam Browning, executive director.
This new program is likely to immediately integrate into existing solar power projects for civilian power to create a market. These relatively small projects more easily, and this is also the current economic situation, a major concern.
Fixed-price repurchase program grid is often used to encourage the development of renewable electricity, but to determine the appropriate fixed price there is still a difficult.
If the repurchase price set too low, the incentive program may fail, the market reach the desired level of activity. On the other hand, if the price is too high, local taxpayers would share the unnecessary costs, electricity producers will not reduce the price, so the program will lose political support.
To overcome this threshold, the new California plan to use market competition to create a sufficient incentive for the project development, while protecting the price of electricity consumers. This will most likely market for the solar industry, paving the way for long.
“Solar energy policy should be adopted to provide a transparent way to provide a basis for long-term market growth.” Keyes & Fox LLP law firm of Kevin Fox said the company’s legal counsel on behalf of Organization of the interstate renewable electricity hp Pavilion DV7 battery hp 520 battery .