On May 13th, 2011, Xcel Energy Inc. (Minneapolis, Minnesota, U.S.) filed its Renewable Energy Standard (RES) Compliance Plan with the Colorado Public Utilities Commission (CPUC), including a plan to acquire double the amount of electricity from customer-sited solar as is required by the state’s RES policy.
Also included with the filing is a proposed level of pricing for the utility’s Solar*Rewards program through 2013, and a plan to balance its Renewable Energy Standard Adjustment (RESA) fund.

“Our efforts to encourage customer adoption of on-site solar energy have been successful,” said Xcel Energy Vice President for Rates and Regulatory Affairs Karen Hyde. “And now is the right time to start eliminating the fund’s shortfall.”
Xcel explains that more money has been spent on its renewable energy program through the RESA fund than was received by customers through a 2% charge on customer electricity bills.

Xcel to acquire up to 30MW of customer-sited solar
The utility states that a regulators’ decision on the filing is expected in early 2012 after public comment and hearings on the plan are completed.
In the plan, the utility has stated that it will acquire up to an additional 30MW of customer-sited solar energy in 2012 and 2013, double the amount of electricity that is required above what is needed to meet minimum compliance with the renewable energy standard.
A new feature of the utility’s compliance plan is its Solar*Rewards Community, a program that allows customers to purchase share or subscriptions to community solar installations.

Xcel presents new version of Solar*Rewards based on PBIs
Additionally, Xcel is asking regulators to approve a new version of Xcel’s Solar*Rewards program, which will use a mixture of performance-based incentives (PBIs) and up-front incentives.
The use of PBIs is part of a negotiated settlement which Xcel reached with renewable energy and environmental advocates to restart the program on March 15th, 2011.

2011-05-17| Courtesy: Xcel Energy Inc. | solarserver.com © Heindl Server GmbH

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