Code sections 399.11, 399.12, 399.13, 399.14, and 399.15 require the Commission to review and adopt a procurement plan and a renewable energy procurement plan for each electrical corporation pursuant to the renewables portfolio standard (requires each electrical corporation to increase its total procurement of eligible renewable energy resources by at least an additional 1% of retail sales each year so that 20% of its retail sales are procured from eligible renewable energy resources no later than December 31, 2017.
The bill also seeks to address a perceived lack of flexibility and an overemphasis on transmission expansion in the RPS program, by including the provision for TRECs.ĭIGEST: Existing law, P.U. The bill codifies the Joint Agency Energy Action Plan goal of 20% renewable procurement by 2010, as distinct from existing law, which requires 20% by 2017. The CPUC and CEC would be granted authority to limit the utilization of TRECs in RPS procurement. Principal changes include accelerating the 20% renewable energy target from 2017 to 2010 and directing the CEC and CPUC to develop a system of Tradable Renewable Energy Certificates (TRECs) as a means of compliance with RPS goals (effectively, the purchasing of the social benefits of renewable energy without purchasing the energy itself). SUMMARY: This bill would make several changes to the existing Renewables Portfolio Standard (RPS) Program.
LEGISLATIVE SUBCOMMITTEE RECOMMENDATION: Support in Concept
Hunter, Director Office of Governmental Affairs (OGA) - SacramentoĪB 1362 (Levine) Renewable energy: California Renewables Portfolio Standard Program: renewable energy credits AB 1362 Item 57 (4437) Renewable energy: California Renewables Portfolio Standard Program: renewable energy creditsĭelaney L.