The two-day listening to on the proposed Florida Power & Light (FPL) SolarCollectively tariff and program concluded final week. If accredited by the Florida PSC, it is going to be the largest group solar program in the US – and assist propel Florida right into a management place on solar power improvement.
George Cavros | January 23, 2020
The two-day listening to on the proposed Florida Power & Light (FPL) SolarCollectively tariff and program concluded final week. If accredited by the Florida Public Service Commission (PSC), the solar program will add 1,490 MW of solar over the subsequent two years and can be the largest group solar program in the United States.
A Novel Design
The program has a novel design that captures the projected financial system advantages of solar installations ($249 million) and gives 45% of the profit to the normal physique of consumers. The remaining profit is reserved for prospects that select to take part in the program and gives certainty of a tangible financial profit to them – which distinguishes it from different group solar applications which have come earlier than the Commission for approval.
On October 9, 2019, a settlement agreement was filed in the case between FPL, Southern Alliance for Clean Energy (SACE), Vote Solar, and Walmart. The settlement settlement enhances the program by including a low-revenue element that may permit qualifying households to obtain an financial profit from the very first month of participation. The Office of Public Counsel (OPC) continues to oppose the program.
A novel design shouldn’t be a roadblock to delivering value-efficient solar energy to a buyer base that’s more and more demanding solar power. During the listening to, the commissioners requested a variety of questions of FPL witnesses about the strategy as one would possibly anticipate on the rollout of a brand new program.
SolarTogether has already garnered important curiosity by pre-registration. Over 200 business prospects, comparable to giant retailers and municipalities have preregistered which is able to account for 75% of the capability of Phase 1 of the program. Beyond the optimistic economics of the program, giant companies are preregistering to satisfy corporate sustainability targets and municipalities are preregistering to meet carbon reduction goals. When the 25% of the capability is opened as much as residential prospects, we will anticipate an identical excessive demand for SolarCollectively for Florida households.
A Number of Benefits
SolarCollectively delivers an a variety of benefits to FPL prospects and the state.
- The program is per the Florida statute by increasing renewable energy in the state and can assist propel Florida right into a management place on solar improvement in the United States. It diversifies the state’s gas combine, decreasing our dependence on fossil fuels, whereas additionally insulating prospects from gas value spikes. After all, the gas is free.
- The program not solely gives a tangible financial profit to prospects that select to take part, but it surely additionally apportions virtually half of the projected financial advantages to all prospects.
- It will maximize the buyer expertise by permitting participation with no upfront subscription charges, versatile subscription quantities, no cancellation charges, and can permit the subscription to stick with the buyer in the event that they transfer inside FPL’s service territory.
- In addition to assembly the huge demand for solar power in Florida, FPL testified that the solar additions would meet FPL’s system useful resource wants in 2020 and 2021. Moreover, the 20 solar installations will drive financial improvement in the native communities the place they’re developed.
All these advantages are actually in the public curiosity and weigh in favor of approving the settlement settlement. The events’ briefs are due January 30th. Several weeks later the Commission workers will present a advice, and a choice by the full Commission might come in late February or early March.
Stay tuned! SACE will maintain you up to date on developments in the case.