Couple billion in just seven states.
https://www.shaledirectories.com/blog/customers-pay-higher-rates-for-purpa-pacts-study/
Concentric analyzed a sample of 708 solar and wind contracts representing roughly 8,000 megawatts of generation capacity utilities in seven states signed with solar and wind QFs.
Consistently exceeded rates
The consultancy found these contract rates consistently exceeded rates in competitively determined purchase power agreements (PPAs) for solar and wind energy executed in the same year.
The company estimated utilities and, in the end, customers overpaid between $150.7 million and $216.2 million per year relative to competitive benchmarks.
Accounting for the full term of the solar and wind QF contracts raises the total overpayment estimate to between $2.7 billion and $3.9 billion.
https://www.shaledirectories.com/blog/customers-pay-higher-rates-for-purpa-pacts-study/
Concentric analyzed a sample of 708 solar and wind contracts representing roughly 8,000 megawatts of generation capacity utilities in seven states signed with solar and wind QFs.
Consistently exceeded rates
The consultancy found these contract rates consistently exceeded rates in competitively determined purchase power agreements (PPAs) for solar and wind energy executed in the same year.
The company estimated utilities and, in the end, customers overpaid between $150.7 million and $216.2 million per year relative to competitive benchmarks.
Accounting for the full term of the solar and wind QF contracts raises the total overpayment estimate to between $2.7 billion and $3.9 billion.
