The Florida Public Service Commission (PSC) staff has issued its recommendations for the Florida Legislature's consideration under Docket 080503 on the establishment of rules for the state's renewable portfolio standard (RPS).
In its recommendation, the PSC staff indicates that it is reasonable for Florida's investor-owned utilities to provide 20% of retail electricity from renewables by 2041, with incremental targets of 6% by 2017, 10% by 2025 and 15% by 2033.
The RPS could include a 2% rate cap, which the PSC staff indicates may be insufficient for proposed targets, and it would establish a market-based approach to compliance through use of renewable energy credits. PSC staff also recommended that the Legislature consider establishing standard offer contracts for renewable energy sectors in the state.
By law, the PSC must submit its draft rule to the legislature by Feb. 1, and the docket remains open for additional input from the Legislature.
SOURCE: Florida Public Service Commission