Tag Archives: Renewable Portfolio Standards

A misleading report on RECs

Kevin Jones has a bug up his butt about one aspect of Vermont’s renewable energy program. The latest emission from the Vermont Law School professor’s policy shop is a report slamming the sale of Renewable Energy Credits. It deliberately overlooks the purpose and endgame of RECs, focusing largely on one immediate consequence:

“Vermont gets virtually none of its grid power from wind or solar sources, according to a report Vermont Law School students presented recently to the Senate Natural Resources and Energy Committee.

Developers and utilities sell Vermont’s wind and solar power to other New England states, using what are known as renewable energy credits, or RECs. As a result, although Vermonters subsidize these forms of energy, utilities in other states actually benefit from them, the report found.

The topline there — “Vermont gets virtually none of its power from wind or solar” — is technically accurate but fundamentally misleading.

It’s true that Vermont doesn’t immediately get “credit” for our renewables. But in reality, we are producing significant amounts of carbon-neutral energy. That’s a good thing, even in the short run when the “credit” goes elsewhere; and in the long run, the RECs will retire and we will get the “credit” for cheap energy that helps combat global warming.

Jones’ influence on reports like this soil the reputation of VLS, and honestly, I don’t know why they let him get away with it. He is having a malign influence on our energy debate under the VLS imprimatur, and teaching his students some bad policy lessons.

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