Community choice aggregators in California have now signed over 2 GW of power purchase agreements for renewable energy projects, with 1.4 GW in 43 projects coming from solar power.
Sunrun made a splash at the BNEF Summit in New York City at a time when utilities are increasingly struggling to adapt to new realities. But distributed energy resources have a long way to go to play a major role, and we will still need additional energy sources in future power systems.
Sunrun CEO Lynn Jurich. Image: Bloomberg
This article is an excerpt from the new whitepaper published by Microgrid Knowledge and Enel X North America, California’s Changing Time-of-Use Rates: Calculating the Impact on Behind-the-Meter Solar PV and Energy Storage.
For utilities, electricity is generally more expensive and complex to deliver when demand is high. To help cover these costs, California’s utilities have traditionally imposed time-of-use (TOU) rates, which created a daily schedule that applies different prices for power based on demand trends on the grid. When demand is highest, prices are highest under TOU rates.