The Florida Public Service Commission (PSC) today adopted new rules designed to promote the development of renewable energy resources in the state. The rules provide developers of renewable energy a greater variety of pricing options when entering agreements to sell energy to Florida’s five investor owned utilities (IOU). The greater flexibility will help existing and potential renewable energy providers finance new projects and strengthen the position of established facilities.
“Encouraging the growth of Florida’s renewable energy market will help the state reduce its growing dependency on natural gas for electric production and provide consumers with a diverse fuel mix less subject to volatile price fluctuations,” said PSC Chairman Lisa Polak Edgar. “The innovative rules adopted today represent a balance between the interests of developers of renewable energy generation, Florida’s investor-owned utilities and the state’s consumers.”
The PSC also directed the IOUs, municipal electric utilities and rural electric cooperatives to report annually on the level of renewable generation in their service areas. As directed by the Florida Legislature, the Commission will continue to encourage the growth of renewable generation and development of viable energy sources, ensuring greater energy and economic security for Florida.
The PSC is committed to making sure Florida's consumers receive essential 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 more information, visit www.floridapsc.com.