Renewable Power Theatre of the Absurd

Along with many other states, California, Arizona and Nevada all have “renewable portfolio laws.” California requires that 60% of its electric power be from renewable sources by 2030. Nevada requires 50% by 2030. Arizona requires 15% by 2025. Renewable power is defined by law in each state, but usually it amounts to wind or solar. One might think that having a quota for renewable power means that the power has to be generated by wind or solar and consumed within the state. There is a loophole. The “renewable attribute” can be legally separated from the actual power. So, the power can be consumed in one place, but a different place gets credit as if it had actually consumed the renewable power. For example, a wind farm in Colorado can generate a megawatt hour of electricity. The power is actually sold and consumed in Colorado, but California gets credit for a megawatt hour of renewable power. The Colorado wind farm in the normal course of events can sell...(Read Full Article)
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