01-18-2021, 06:31 PM
(This post was last modified: 01-18-2021, 06:33 PM by leilanidude.)
Really happy to see them getting back to full production. Also to note in the article is that the PUC is finally considering to eliminate the price of oil clause, which puts the burden of renewable energy costs, to the consumer. Looking forward to lower electric costs. Lower electric costs would help this island to get more electric vehicles on the road and if we are lucky, could get more hydrogen powered trucks and buses replacing those big, nasty diesels.
Snipped from the article:
"An application for an amended power purchase agreement between the power plant and Hawaiian Electric — which includes a proposal to modify plant equipment — is still under consideration by the state Public Utilities Commission.
Under the new agreement, the rate paid by the utility to PGV will be fixed and no longer linked to the price of oil.
By eliminating the volatility of oil prices from the rate paid to PGV, the new fixed-price contract will ensure that bills are more stable, Hawaiian Electric said previously. This new pricing arrangement follows guidance provided by the PUC."
"As part of the amended agreement, PGV agreed to modify its current facility to provide an additional 8 megawatts of energy and firm capacity, which will further reduce electric bills and the use of fossil fuels to generate electricity."
* On a side note, as someone who lives close to the plant, I am very happy with the noise reduction efforts over the last year. It has become somewhat rare to hear the plant, even on still nights.
https://www.hawaiitribune-herald.com/202...-capacity/
Snipped from the article:
"An application for an amended power purchase agreement between the power plant and Hawaiian Electric — which includes a proposal to modify plant equipment — is still under consideration by the state Public Utilities Commission.
Under the new agreement, the rate paid by the utility to PGV will be fixed and no longer linked to the price of oil.
By eliminating the volatility of oil prices from the rate paid to PGV, the new fixed-price contract will ensure that bills are more stable, Hawaiian Electric said previously. This new pricing arrangement follows guidance provided by the PUC."
"As part of the amended agreement, PGV agreed to modify its current facility to provide an additional 8 megawatts of energy and firm capacity, which will further reduce electric bills and the use of fossil fuels to generate electricity."
* On a side note, as someone who lives close to the plant, I am very happy with the noise reduction efforts over the last year. It has become somewhat rare to hear the plant, even on still nights.
https://www.hawaiitribune-herald.com/202...-capacity/