Saturday, November 23, 2019

Deal reached among solar players in Minnesota

Well, I suppose. Given the crap that other Big Energy interests are trying to pull, in Minnesota as elsewhere, I too should probably not be displeased. But my take is that Xcel should have been made to yield further. They can afford it.
Minnesota regulators will allow Xcel Energy to modify a calculation that would have doubled the amount the utility pays to subscribers of newly approved community solar gardens.
As a result of the change, community solar projects authorized in 2020 will likely receive credits nearly 4% higher than in 2019. The Public Utilities Commission recently approved the rate, along with a temporary fix to the “value of solar” calculation Xcel uses to pay subscribers...
The compromise drew praise.
“My impression was that it is a decent outcome for everyone,” said Isabel Ricker, senior policy associate with Fresh Energy, which publishes the Energy News Network. “The rate is going up a little bit for community solar subscribers after declining for several years, and it’s within the range of historical value of solar rates.” - Energy News Network

No comments:

Post a Comment