|
|
|
|
|
Texas PUC Staff File Proposal To Implement Temporary Solar-Only RPS; Repeal Current RPS
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
Staff of the Texas PUC have filed a draft proposal for publication which would, as directed by HB 1500, repeal and replace 16 Texas Administrative Code (TAC) §25.173, relating to the Goal for Renewable Energy, with the new rule establishing a temporary solar-only renewable energy credit (REC) mandate.
The rule changes would terminate the RPS program contained in the current rule (which has already been terminated by HB 1500)
The proposal described below is a draft and has not been approved by the PUC
The new solar RPS would end on September 1, 2025
The temporary solar-only RPS would mandate that that the renewable energy capacity requirements for the compliance periods beginning January 1, 2024 are:
(i) 1,310 MW of new solar resources in the 2024 compliance period; and
(ii) 655 MW of new solar resources in the 2025 compliance period.
As under current rule, new facilities mean renewable energy generators (in this case, solar) placed in service on or after September 1, 1999.
The allocation of the solar RPS requirement to retail entities would generally follow the process for the prior RPS
The compliance periods under the solar RPS would be: (1) January 1, 2024 and ending December 31, 2024 (2024 compliance period), and (2) a partial compliance period beginning January 1, 2025, and ending August 31, 2025 (2025 compliance period).
The solar RPS would end after the end of the 2025 compliance period on September 1, 2025.
If by April 1 of the year following a compliance period the program administrator determines that a retail entity has not retired sufficient solar RECs or compliance premiums to satisfy its allocation, the retail entity is subject to an administrative penalty, under PURA §15.023, of $50 per MWh that is deficient.
Other than the new solar RPS, the draft would not include any other RPS obligation on REPs, as it strikes the current language concerning the prior obligations
Under the current rule, the PUC previously established January 1, 2023, through August 31, 2023, as the revised compliance period for the
2023 calendar year due to the termination of the current RPS program by law, as the PUC further directed that ERCOT shall calculate each retail entity's renewable portfolio standard obligation for the 2023
year using 5,832 hours, rather than the 8,760 hours that would have been used
if the 2023 compliance period covered the entire calendar year.
The proposed rule would also authorize ERCOT continue REC tracking for voluntary purchases
Project 55323
ADVERTISEMENT ADVERTISEMENT Copyright 2010-23 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
October 10, 2023
Email This Story
Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Natural Gas Senior Scheduler -- Retail Supplier
• NEW! -- Pricing Analyst - Retail Power
• NEW! -- Electricity Pricing Analyst
-- Retail Supplier
• NEW! -- Business Development Manager -- Retail Supplier
• NEW! -- Call Center Manager -- Retail Supplier
• Senior Billing Subject Matter - (Remote) -- Retail Supplier
|
|
|
|