31 Oct '13, 2pm

Crowdsourcing Energy: A Case for Feed-in Tariffs

Crowdsourcing Energy: A Case for Feed-in Tariffs

PURPA required states to create programs under which utilities offered a set price to anyone who could produce power from a “qualifying facility,” which included renewable energy like wind or solar power. The price was made public beforehand and long-term contracts were offered. These features created the market certainty that, lo and behold, created the first boom in renewable energy in the world, right here in California, in the 1980s and early 1990s. PURPA was responsible for an “embarrassment of riches,” as the California Public Utilities Commission described it at the time, in terms of a boom in renewable energy projects. This era created the global wind industry, which has now reached 300 gigawatts of installed capacity. That’s real power, made possible through a policy that essentially crowd-sourced power. A couple of decades later, Germany’s similar policy did the ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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Crowdsourcing Energy: A Case for Feed-in Tariffs

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