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South Carolina Regulators Pivot from ‘Doomsday’ Solar Rates [GTM Squared]

The solar industry is no stranger to whiplash policy decisions.

Among the most recent: In November South Carolina regulators slashed rates paid to some large solar projects in the state, only to backtrack and raise them earlier this month. Solar advocates had urged the change, arguing that the rates were so low they’d foster a “doomsday scenario” for South Carolina solar deployment.

While the turn-around only raises rates for projects selling to utility Dominion Energy — advocates may later ask regulators to consider changes for Duke Energy — industry watchers say it helps set the state back on the right course.

Source: Greentech Media