Renewables Mandate: 27% of Energy Produced by 2020
Most Connecticut residents are unaware that a radical transformation to renewable energy sources is driving their electric rates through the roof. Part of the reason is due to the passage of Public Act 08-98 AN ACT CONCERNING CONNECTICUT GLOBAL WARMING SOLUTIONS and the adoption of the State of Connecticut’s Renewable Portfolio Standard (RPS). The states’s RPS mandate requires that electricity providers provide a portion of their energy originating from renewable energy sources and the increased costs of accommodating those mandates are being passed on to consumers.
According to ACORE.ORG, Conecticut’s energy providers must meet the following requirements:
Class I (20% by 2020): Solar, wind, fuel cells, geothermal, biogas, ocean, certain biomass, certain hydro, low-emission renewable energy conversion devices
Class II (3% by 2010, Class I may also be used to meet requirement): Trash-toenergy, certain biomass, older run-of-river hydro
Class III (4% by 2010): Certain combined heat and power (CHP), energy efficiency, waste heat
All electric suppliers and electric distribution company wholesale suppliers
Renewables in some neighboring states are also eligible
The Clean Energy Finance and Investment Authority must develop a residential solar incentive program
that will result in at least 30 MW before 2023
Utilities must enter into long-term contracts for renewable energy credits (RECs) from zero-emission Class I facilities up to 1 MW and low-emission Class I facilities up to 2 MW
Market regulations never have a favorable effect on consumer prices and The Manhattan Institute For Policy Research’s study shows the substantial effect these particular mandates have across the United States. Connecticut ranks #2 on the list of highest energy rates in the nation. They share that top bracket with states that have also adopted the Renewable Portfolio Standard . Some have declared the adoption of an RPS effectually amounts to a carbon tax and in many regards they are correct. You didn’t think your neighbor’s “free solar roof” was REALLY free and not subsidized in up to $7,500 in “incentives”- Did you?