California seems to be on a mission to destroy the market for virtual power plants and please the investors of major utility companies.
of this story, we dealt with the uneasy relationship between virtual power plants and electric cars. In theory, EV batteries should be a godsend to the utility industry because they could leverage the thousands of GWh available in all those car batteries for less than the cost of installing grid-scale batteries.
Many of these companies have invested money and time to pursue projects under these two programs, which were created in 2022 as part of a broader set of emergency measures proposed by Newsom and mandated by the passage of state law AB 205. “Cutting funds at this crucial juncture would not only disrupt these processes but also damage California’s reputation as a reliable partner for energy companies,” the letter said.
“This newly expanded and re-designed program was finally launching for a full summer in 2024,” Perez said. But the proposed budget cuts would eliminate $186.5 million in DSGS funding through this year and next, leaving only $75 million deferred to 2025 and 2026. That would “severely impact” participating companies’ efforts, since they “need to have predictability to invest in market development, customer onboarding, and program setup,” the letter stated.
“To maintain commitments to fossil fuel resources and cut back on deployment of new resources — clean resources that could be used for emergencies — is short-term thinking and just seems kind of backwards,” said Ed Smeloff, managing director of the regulatory team at nonprofit group Vote Solar. “It’s important to have strategic reserves for the future, because we are going to have extreme weather events. That’s a fact of life.
He quotes Roger Lin, an attorney for the Center for Biological Diversity, who says the CPUC’s decisions on solar incentives show that utilities are winning efforts to push back against all solar installations.
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