Big bill for green powerBurbank will pay $17.8M next year for renewable energy it doesn't need.
Burbank Leader: 11.02.2012 by Alene Tchekmedyian
A state law that requires 20% of the city's average energy sales to come from renewable energy is projected to cost the city $17.8 million this fiscal year, officials reported on Tuesday.
The financial burden of complying with the state mandate — which ups the ante every few years — outraged Councilman David Gordon, particularly because Burbank was generating enough energy before the state bill was passed to meet its power needs. “Any renewables we bring in basically results in a situation where we back off our own generation in order to bring renewables in,” said Power Resources Manager Bruno Jeider.
The 20% average must be met for power output between 2011 and 2013.
This fiscal year, the city will pay $85 a megawatt for 303,579 megawatts of renewable energy, nearly three times as much as the $30 a megawatt it pays for its other energy resources, officials said. READ MORE !
California Renewable Energy Overview and Programs
California Energy Commission
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