Victory in the economic realm (increasingly the case with solar, solar-plus-storage and wind) is no guarantee of market victory if the regulations are stacked against renewables.
The state’s new net metering is a highly anticipated, high-stakes proceeding. It will effectively modify the rules for the net metering tariff in California, which is arguably the most important policy mechanism for customer-sited solar of the last decade.
The California Independent System Operator has warned state regulators that there could be a 4.7 GW capacity shortfall in 2022, in the early evening hours of the annual peak demand events of September. The grid operator has suggested the alteration of water cooling laws, as well as increased procurement of resources.
The Pacific Gas and Electric Company, founded 114 years ago, is filing for bankruptcy and may be broken up by regulators. None of which is good news for solar project owners holding contracts with the utility.
California regulators are proposing to move C&I customers onto pending time-of-use rates starting on August 1 – despite a lack of clarity as to the details of those rates.
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