Recognizing the need for aggressive standards to continue Florida’s path toward a sustainable energy future, the Florida Public Service Commission (PSC) today approved a state Renewable Portfolio Standard (RPS) draft rule with a goal of 20 percent renewable energy production by 2020.
“The draft rule benefits residents, the environment, and the economy,” said PSC Chairman Matthew M. Carter II. “Florida’s continued commitment to new renewable energy projects is strengthened through the draft rule, which further diversifies our energy mix and increases our energy security and stability.”
As required by Section 366.92, Florida Statutes, four important parameters guided the PSC when drafting the proposed rule: improve environmental conditions, stimulate economic development, diversify the state’s fuel mix, and minimize costs to utilities and their customers. Commissioners considered much research, investigation, debate, and input from environmental, government, utility, and industry representatives before deciding on the draft RPS rule proposed today.
The draft RPS rule is effective and affordable and meets legislative guidelines. A three-year review strategy, included in the draft rule, will allow the Commission to adjust the goals to meet the state’s changing energy needs as more renewable resource options become available.
The Commission will submit the draft rule to the Legislature for consideration by February 1. The rules require legislative ratification before implementation.
The PSC is committed to making sure that Florida's consumers receive their electric, natural gas, telephone, water, and wastewater services in a safe, affordable, and reliable manner. The PSC exercises regulatory authority over utilities in the areas of rate base/economic regulation; competitive market oversight; and the monitoring of safety, reliability, and service.
For additional information, visit www.floridapsc.com.