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The Green Side of the Grid Modernization Bill
Thursday, May 26, 2011 - Posted by Advertising Department [The following is a paid advertisement.] Much of the attention around grid modernization legislation has focused on regulatory reform. But the bill also creates more energy efficiency programs and boosts investment in clean energy resources. Here are some of the ways: • Allows ICC to approve energy efficiency measures above and beyond those they can approve now. • Creates Incentives for Small-Scale Renewable Energy Systems: Owners of small-scale solar generating systems are often too small to bid their credits into the IPA’s annual renewable energy auction. SB 1652 carves out 1% of the existing 6% solar requirement in the RPS statute for customer owned, behind the meter, solar installations. This, in turn, improves the economics of small-scale renewable generation. • Requires the utilities to contribute $15 million for the start up (and $5 million per year thereafter) for the creation of Science and Energy Innovation Trust, which supports green energy efficiency-based technology start up companies.
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