Navigant experts Dan Bradley, Frank Stern and Fred Wellington presented California's Expanded Renewable Portfolio Standard on an interactive web conference hosted by Infocast.
California's Renewable Portfolio Standard (RPS) is currently undergoing complex structural changes that can affect the demand for renewable generation going forward. Moreover, utilities will increasingly rely on Renewable Energy Credits (RECs) given recent changes to the RPS regulations being promulgated by the California Public Utilities Commission. This increases the challenges faced by utilities, developers, and investors in understanding the market dynamics, risks and opportunities in this market as well as in developing rational price forecasts for RECs going forward.
The webinar focused on three areas:
» A review of the evolving RPS regulatory landscape in California
» How these changes can impact renewable energy development
» How the underlying market structure can affect REC trading and valuation