Tuesday, February 17, 2009

UTAH Public Service Commission Order May Jolt Solar Power Usage

2/14/09 (Source: Deseret News (Salt Lake City))trackingBy Jasen Lee Deseret News

An order issued by the Utah Public Service Commission is drawing rave reviews from local renewable-energy supporters, including Salt Lake County Mayor Peter Corroon and Salt Lake City Mayor Ralph Becker.

The order, issued late Thursday, revised the way that Rocky Mountain Power customers are billed for the extra electricity they produce through solar or other renewable means. The electricity policy, called net metering, is for residential, commercial or industrial consumers who own renewable-energy facilities, such as wind turbines or solar panels.

Previously, customers were credited for excess generation based on an avoided-cost calculation, resulting in a much lower financial benefit to the customer. The new policy provides a "full retail" or dollar-for-dollar credit for every kilowatt-hour of excess power generation, creating a much greater incentive for renewable-energy production.

ARTICLE CONTINUES HERE AT iSTOCKANALYSIS.COM

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