"Energy Freedom Act: The Need To Know," Charleston Business Magazine, Columbia Business Monthly and Greenville Business Magazine
Posted On June 9, 2020
In an article published on June 8, 2020 by Charleston Business Magazine, Columbia Business Monthly and Greenville Business Magazine,
Greenville-based Shareholder Taylor Speer discusses the South Carolina Public Service Commission’s recent rule on updates to the Energy Freedom Act.
Speer clarifies that the law required the South Carolina Public Service Commission to determine the price that Duke and Dominion have to pay under federal law for the power that is generated from solar plants when they pump electrons onto the grid during the day. However, the commission recently ruled on these issues in a way that would have likely killed large-scale solar in South Carolina.
“Most readers do not have rooftop solar and just want the lights to come on without thinking about it, but the commission's rulings impact even the most average home or business,” explains Speer. “Consistent with federal law, the act required the commission to set rates for utility-scale solar equal to Duke and Dominion's costs, as if they had generated the power themselves.”
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