7. Overview of New Policies Influencing the U.S. Hydropower Market
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ome too expensive and risky for them. On the other hand, renewable energy developers caution that a lack of guaranteed rates would make projects riskier and project financing more difficult to obtain. In July 2020, FERC issued Order 872 to...
AI summary FERC's Order 872 (2020) updated PURPA regulations, allowing states to index avoided cost rates to locational marginal prices, wholesale prices, or natural gas prices. This increases revenue risk for developers but maintains fixed capacity rates, aiding financing. Competitive solicitations are now permitted for rate setting.