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Friday, August 27, 2010

An eBay for Energy?: California Moves to Establish a Reverse Auction-based Market for Solar Energy Projects

PS20 and PS10Image via Wikipedia

As the author of this piece, Todd Woody, put it: "It's been a big week for Big Solar." Lots of alternative, renewable energy talk in government at all levels and in the media, and as we've commented here in pieces for The Reverse Auction Research Center (http://reverseauctionresearch.blogspot.com/), as federal and state energy policies are taking shape, reverse auctions will be a big part of making decisions on how to allocate potentially tens of billions for green energy funding in the coming years.

In the link below, you can read about the latest news from California. The California Public Utilities Commission (CPUC) has set-up a reverse auction system for determining who will receive funding for solar energy projects in the state. Woody proclaims that this will create, in essence, an "eBay for green energy" that will promote the growth of solar energy in the state. The entire article from Grist can be viewed by clicking on the link below:

California moves to set up auction market for green energy | Grist

Here at The Reverse Auction Research Center (http://reverseauctionresearch.blogspot.com/), we'll continue following developments in the fast-developing area of using reverse auctions to allocate funding for alternative energy to get the most bang (or kilowatts) for the taxpayer buck! If you'd like to learn more on how your state or even local government could use competitive bidding to make your area greener - both from an energy and an economic development perspective - contact us today!

David

From The Reverse Auction Research Center (http://reverseauctionresearch.blogspot.com/)
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