Tuesday, February 22, 2011

California PUC staff question economics of utility renewable deals - Electric Power | Platts News Article & Story

California might consider the European model whereby energy contracts have a "re-opener provision" to adjust prices based upon market conditions or price indexes. It forces all parties to price their transactions close to the actual market value, versus arbitrary values which are "put options" on power to utilities at above market rates, which then force utilities to raise retail rates. This is a two way street, let's start transacting like any other business, bona fide negotiations.

California PUC staff question economics of utility renewable deals - Electric Power | Platts News Article & Story

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