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Renewable energy economy now paying off for Californians

The California renewables market is robust and competitive, Switchboard, Peter Miller, February 7, 2012 The market for renewable electricity is robust and competitive according to the California Public Utilities Commission (CPUC).

In a report on the state’s 33% Renewable Portfolio Standard (RPS) released yesterday, the CPUC provided a snapshot on the impressive progress that has been made in building the state’s clean energy economy.

According to the CPUC: The state’s three largest private utilities collectively served 17% of
their load with renewable energy in 2010. All three of the state’s largest utilities are projected to meet the requirement to provide an average of 20% renewable power from 2011 to
2013. Over 830 MW of renewable capacity came on line in 2011. Bid prices in response to the 2011 solicitation dropped 30% compared to 2009.

This growth in the renewable energy market bodes well for California’s residents and demonstrates the benefits of the state’s ambitious renewable energy policy. The RPS has led to a steady increase in reliance on renewable electricity, which means growing energy security
and price stability for California utility customers. And a competitive, orderly market means that costs are coming down, helping to keep energy clean and affordable for residents of the Golden State. http://switchboard.nrdc.org/blogs/pmiller/the_california_renewables_mark.html

February 8, 2012 - Posted by Christina Macpherson | renewable, USA