Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Industry groups urge procurement reforms, propose index-style REC model to reduce cost volatility
Summary
Renew Northeast and other clean-energy advocates told the Joint Committee on Telecommunications, Utilities and Energy that procurement design in the Renewable Portfolio Standard (RPS) and related solicitations must reduce developer market risk and consumer price volatility, recommending an index renewable energy credit model similar to New York.
Nathan Rake, manager of state and local affairs at Renew Northeast, told the committee the RPS and public procurements are both essential and urged support for elements of the governor's affordability legislation while proposing changes to how offtake arrangements are structured.
"This approach, whereby the offtake arrangement is an attribute only, could raise consumer…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
