Electricity

Solar pushes back on natural gas in NJ

via Solar pushes back on natural gas in NJ : Clean Energy Authority.

There’s an ambiguous perception in New Jersey that ratepayers are carrying the solar industry with subsidies. By nudging the decoupling of Solar Alternative Compliance Payments and Solar Renewable Energy Certificates (SREC) further along, the Christi administration could clear this perception up and address other critical obstacles that keep New Jersey energy prices one of the highest in the nation.

“The overall view in industry is that the SACP coming down is warranted. How much…20 percent? That’s supposed to happen by 2016. We’re proposing to do it now. This allows the administration to tell ratepayers that they’ve reduced the cost of solar even more,” said Jamie Hahn, managing partner of Solis Partners in Manasquan, N.J.

The common business and political goal in the state is to drive down energy costs. The state imports most of its energy, which is the primary reason for sky-high energy bills. Last November, the Federal Energy Regulatory Commission (FERC) denied the state’s request to funnel ratepayer subsidies into three new power plant projects…

Categories: Electricity, Energy, Policy