Renewable Portfolio Standards in the Western Electricity Coordinating Council (“WECC”) continue to evolve, impacted by regulatory changes and public policy initiatives. For example, the California Senate and Assembly passed legislation that increased the RPS target to 33% by 2020 while creating three renewable energy categories usable for compliance obligations. Other nearby states, such as Oregon and Washington also contain emerging RPS markets that spur renewable energy development for various technologies. In addition, renewable energy resources from Provinces within the WECC, specifically Alberta and British Columbia, also can play a role in addressing RPS compliance within some states in the Western U.S.
Within this region, Karbone brokers for a wide array of entities including Energy Companies, Utilities and Load Serving Entities, Renewable Energy Developers, Banks, Private Equity, and other Financial Institutions. Karbone’s team focuses on matching counterparties where credit and collateral matters are efficiently addressed, while aiding parties to devise innovative long-term contracts with financing requirements in mind.
Understanding the interplay of the various RPS markets and the structuring of renewable power contracts in the WECC requires a keen focus on electricity markets and legislative developments in the region. Karbone provides its unique portfolio of services, including research and capital advisory services, to meet client needs whether to launch renewable energy projects or to address RPS compliance obligations. The Karbone Brokerage team is market knowledge driven; while it aims to obtain the best pricing and most efficient transactions, it focuses on providing unique, insightful market and regulatory information, allowing for optimal decisions for transactional clients.