For Energy Buyers
The Principles are meant to broadly address what large energy buyers are looking for from their energy suppliers across U.S. markets, whether independent developers or utilities in regulated or restructured states. However, addressing the challenge of limited renewable energy procurement options in regulated states is a particular focus for signatories of the Buyers’ Principles.
Large-scale buyers often have to work around traditional, regulated utilities to purchase the cost effective renewable energy they need. The work-around increases complexity and transaction costs. A growing number of large companies want their utilities to provide simplified access to long-term, fixed price renewable energy that enables them to reduce their GHG’s faster than environmental regulation currently requires.
WWF and WRI are collaborating to amplify the buyer’s voice by facilitating conversations at two key levels:
- National organizations that work across jurisdictions, such as the Edison Electric Institute (EEI) and National Association of Regulatory Utility Commissioners (NARUC) to raise awareness on the scale of corporate demand for cost-effective renewable energy, the economic development opportunities it creates, and collaborate on frameworks and models that are applicable across jurisdictions.
- State level engagement with selected utilities, such as Berkshire Hathaway Energy subsidiaries, through a series of workshops called the Utility Leadership Forums which seek to find concrete opportunities to share the value of renewable energy that regulators can approve through collaborative problem solving between utilities and customers. This bottom-up approach works to develop innovative, flexible approaches that will feed back into national platforms for validation and replication, creating a positive feedback loop.
By amplifying the buyer’s voice both in top-down, national discussions and in bottom-up, utility-specific conversations, more renewable energy approaches can be developed, utilities can begin to utilize corporate demand in their compliance plans, and successful models can be replicated. Together we can create new business models that reduce GHGs quickly, while maintaining system reliability, stability and affordability.