Utilities on track to meet RE goals: California Public Utilities Commission

The California Public Utilities Commission (CPUC) announced today that the state's largest utilities have met interim goals for renewable energy development mandated by state law, and are well on their way to getting a third of their power from non-fossil fuels by 2020. (Full Report)

The state's Renewable Portfolio Standard (RPS) law requires that most providers of retail electrical power must average 20% renewable energy in the power they sell customers between 2011 and 2013, and 25% between 2014 and 2016. The CPUC says today that the state's three largest investor-owned utilities may well have met that interim goal.

Philippines: RE developers concerned over removal of incentives

RENEWABLE-energy developers are concerned over the possible removal of incentives given under the Renewable Energy Act should the proposed Senate bill that aims to rationalize incentives be approved.

Peregrino Fernandez, Renewable Energy Developers Caucus convener, said he is saddened by the development, especially in the face of rising oil prices.

“We have repeatedly said renewable energy is an investment for the future, a hedge on expensive fossil fuel. The longer we wait, the more burden the economy carries on its back,” Fernandez said.

The draft of the Senate bill, known as the Consolidated Investments Incentives Code of the Philippines, says only export-oriented companies will be given incentives.