NC ratepayers were faced with overpaying for electricity by more than a billion dollars. A new law was going to save them about $850 million on the cost of future solar power — until Gov. Cooper decided to intervene.
Last year North Carolina policymakers made major changes to state energy policy — but not to the state's exorbitant avoided-cost rates. Such a reform is all the more necessary, however, because of last year's restructuring of energy policy.
While House Bill 589 brought major changes to energy policy in North Carolina, it did not do anything at all about North Carolina's exorbitant avoided-cost rates. Electricity consumers need those rates set more in line with surrounding states' rates.
If House Bill 589 passes, it would make important reforms to North Carolina's PURPA contract lengths and qualifying facility sizes — but it would not change how avoided-cost rates are set. Montana just showed it can be done.
Version 4 takes a couple of small steps in the right direction in competitive procurement and adds sensible provisions on decommission and reclamation of solar projects and on a moratorium on new wind projects till further study.
House Bill 589 would be a major restructuring of energy policy in our state, writes JLF’s Jon Sanders. He provides a look into select aspects of the bill here. Summary: For consumers, the most important piece of this bill is Part I, which addresses North Carolina’s significant problem with…
Owing to a long menu of highly favorable state policies, North Carolina has 60 percent of that nation’s PURPA qualifying solar facilities all by itself. David Fountain, the North Carolina president for Duke Energy, writes in Charlotte Business Journal: Today, Duke Energy must buy from…