The Florida Public Service Commission (PSC) today hosted an informational workshop to gain more information about establishing a renewable portfolio standard (RPS). Government, utility, and industry representatives also identified some of the likely impacts on Florida's economy and consumers from implementing an RPS.
A renewable portfolio standard is a public policy approach aimed at encouraging renewable development through the generation of a certain amount of power from renewable sources. Currently, Florida uses renewable resources like solar, municipal waste, biomass, and landfill gas for 2-3 percent of its total energy supply.
"Increasing the use of renewable sources will further diversify Florida’s generation mix," said PSC Chairman Lisa Polak Edgar. “Establishing a renewable portfolio standard will help advance the development of alternative energy sources in Florida."
Discussion revolved around defining a renewable portfolio standard and the renewable generation resources that should qualify toward meeting a state RPS. Several speakers also addressed possible impacts on Florida’s economy and consumers from an RPS.
In his recent executive order, Governor Crist requested that the PSC initiate rulemaking, by September 1, 2007, to require utilities to produce at least 20 percent of their electricity from renewable sources. The governor's order placed an emphasis on solar and wind energy.
The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and monitoring of safety, reliability, and service.
For additional information, visit www.floridapsc.com.