Feed in Tariff (off topic)
Posted: Thu Mar 19, 2009 11:15 am
the following is a forward from Bill Ball. Bill is an architect/builder/solar guy. He and I are asking for your support for house bill 1851. This legislation will go a long way to promote sustainable energy in Arkansas.
Please give it a read.
My good friends,
Many of you are aware of my effort to get REFIT Arkansas into law. The Bill, HB1851 is scheduled to come before the House Insurance and Commerce Committee this next Wednesday. I would very much appreciate your contacting any or all of the representatives listed below that sit on the Committee. I am attaching the Bill, talking points and a link to the legislature's website, where you can find contact information for these representatives. My best regards........WB
William (Bill) Ball
Arkansas Renewable Energy Association
http://www.arkansas.gov/house/reps.php" onclick="window.open(this.href);return false;
Rep. Eddie Hawkins, Chair
Rep. Fred Allen, Vice Chair
Rep. Bill Abernathy
Rep. Mark Martin
Rep. Allen Maxwell
Rep. Bruce Maloch
Rep. Eddie Cooper
Rep. Rick Green
Rep. Willie Hardy
Rep. Wilhelmina Lewellen
Rep. David Rainey
Rep. John Paul Wells
Rep. David Dunn
Rep. Frank Glidewell
Rep. Johnny Hoyt
Rep. Jon Woods
Rep. Buddy Lovell
Rep. Barry Hyde
Rep. Charolette Wagner
Rep. Keith Ingram
A Renewable Energy Feed-In Tariff guarantees the price of renewable energy electricity through long-term power purchase agreements between renewable energy producers and electric utilities. The Bill calls for utilities to offer to purchase up to 2% of their electricity from renewable energy sources in Arkansas.
Long-term contracts secures financing for RE systems. A feed-in tariff will provide a guarantee for individuals, companies and utilities willing to purchase RE systems.
A REFIT will insure that the RE industry will continue to reduce cost and improve performance. A customer's return on investment depends on the cost and performance of the system and customers will opt for systems with the highest return.
This legislation jump starts the renewable energy industry in Arkansas by establishing a performance-based payment system for renewable energy producers with facilities of 5 megawatt or less. Some examples are small and medium scale wind, solar energy, and biomass, such as chicken litter or forest waste.
This legislation promotes energy independence for Arkansas by promoting Arkansas-based production instead of energy imports. Individuals, farmers and small business will be rewarded for installing renewable energy equipment and putting clean renewable energy on the grid.
This legislation protects Arkansas interests under a likely Federal renewable energy mandate, by making sure some of the renewable energy is supplied from Arkansas rather than sending rate payer dollars to brokers selling Renewable Energy Credits from out of state wind farms.
Utilities are reimbursed for the costs, plus paid to administer the program. Just like we pay for new power plants, the costs are spread across the entire rate base. Rate impacts will not exceed 3% but will likely be on the order of ½ %. A rate increase of 17% was recently applied for to cover just the cost overruns of the coal plant under construction in south Arkansas.
This legislation will keep dollars in Arkansas through federal investment tax credit, accelerated depreciation schedules for commercial applications and forth coming federal stimulus funds that target renewable energy development.
This legislation will reduce stress on the distribution system by promoting distributed generation. In the case of solar, the power is produced at the time of day and year that it is most needed.
the bill itself can be seen at
http://xrl.in/1t2d" onclick="window.open(this.href);return false;
Please give it a read.
My good friends,
Many of you are aware of my effort to get REFIT Arkansas into law. The Bill, HB1851 is scheduled to come before the House Insurance and Commerce Committee this next Wednesday. I would very much appreciate your contacting any or all of the representatives listed below that sit on the Committee. I am attaching the Bill, talking points and a link to the legislature's website, where you can find contact information for these representatives. My best regards........WB
William (Bill) Ball
Arkansas Renewable Energy Association
http://www.arkansas.gov/house/reps.php" onclick="window.open(this.href);return false;
Rep. Eddie Hawkins, Chair
Rep. Fred Allen, Vice Chair
Rep. Bill Abernathy
Rep. Mark Martin
Rep. Allen Maxwell
Rep. Bruce Maloch
Rep. Eddie Cooper
Rep. Rick Green
Rep. Willie Hardy
Rep. Wilhelmina Lewellen
Rep. David Rainey
Rep. John Paul Wells
Rep. David Dunn
Rep. Frank Glidewell
Rep. Johnny Hoyt
Rep. Jon Woods
Rep. Buddy Lovell
Rep. Barry Hyde
Rep. Charolette Wagner
Rep. Keith Ingram
A Renewable Energy Feed-In Tariff guarantees the price of renewable energy electricity through long-term power purchase agreements between renewable energy producers and electric utilities. The Bill calls for utilities to offer to purchase up to 2% of their electricity from renewable energy sources in Arkansas.
Long-term contracts secures financing for RE systems. A feed-in tariff will provide a guarantee for individuals, companies and utilities willing to purchase RE systems.
A REFIT will insure that the RE industry will continue to reduce cost and improve performance. A customer's return on investment depends on the cost and performance of the system and customers will opt for systems with the highest return.
This legislation jump starts the renewable energy industry in Arkansas by establishing a performance-based payment system for renewable energy producers with facilities of 5 megawatt or less. Some examples are small and medium scale wind, solar energy, and biomass, such as chicken litter or forest waste.
This legislation promotes energy independence for Arkansas by promoting Arkansas-based production instead of energy imports. Individuals, farmers and small business will be rewarded for installing renewable energy equipment and putting clean renewable energy on the grid.
This legislation protects Arkansas interests under a likely Federal renewable energy mandate, by making sure some of the renewable energy is supplied from Arkansas rather than sending rate payer dollars to brokers selling Renewable Energy Credits from out of state wind farms.
Utilities are reimbursed for the costs, plus paid to administer the program. Just like we pay for new power plants, the costs are spread across the entire rate base. Rate impacts will not exceed 3% but will likely be on the order of ½ %. A rate increase of 17% was recently applied for to cover just the cost overruns of the coal plant under construction in south Arkansas.
This legislation will keep dollars in Arkansas through federal investment tax credit, accelerated depreciation schedules for commercial applications and forth coming federal stimulus funds that target renewable energy development.
This legislation will reduce stress on the distribution system by promoting distributed generation. In the case of solar, the power is produced at the time of day and year that it is most needed.
the bill itself can be seen at
http://xrl.in/1t2d" onclick="window.open(this.href);return false;