in News Departments > Policy Watch
print the content item

U.S. Reps. Jay Inslee, D-Wash., Bill Delahunt, D-Mass., Jim McDermott, D-Wash. and Mike Honda, D-Calif. have introduced the Renewable Energy Jobs and Security Act, which would provide guaranteed renewable-energy payments to clean-energy generation sources of up to 20 MW in size.

Modeled after a Germany's feed-in tariff, the measure has three main components designed to provide long-term investment security - guaranteed interconnection to the grid; long-term, fixed-rate contracts with electric utilities; and a rate-recovery program through a regional cost-sharing commission to minimize the impact on consumers. It also would help some utilities meet renewable energy purchase obligations.

"America faces an infrastructure challenge today not unlike what we had to overcome a century ago to enable farmers to reliably deliver their goods to markets," says McDermott. "It is not enough to simply say we want to develop new clean and renewable energy resources; we have to facilitate the development and improvements in the transmission infrastructure that can reliably bring these new energy resources to market."

Under the Renewable Energy Jobs and Security Act, the Federal Energy Regulation Commission would set technology-specific prices that utilities would pay renewable-energy suppliers with up to 20 MW of capacity. Prices would be reduced incrementally every two years over a two-decade span, with the goal of reaching or approaching market rate.

The legislation has been endorsed by over 80 non-governmental organizations, renewable-energy companies and clean-energy investors. It is expected to be referred to the House Energy and Commerce Committee. A companion measure has not yet been introduced in the Senate.

SOURCE: Office of Rep. Jay Inslee


IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015