Electrek Green Energy Brief: A daily technical, financial and political review/analysis of important green energy news.
Microsoft gets OK to buy renewable power directly, bypassing the fossil utility – “WA utility commission approved Microsoft’s long awaited exit from PSE and now lets it directly procure renewable energy from wholesale market. As previously negotiated, Microsoft would pay a $23.6m exit fee for moving out of PSE’s load base. This agreement opens up doors for corporates in the state (AMZN, REI, SBUX, etc.) who wish to have a higher renewable mix. PSE procures two-thirds of its electricity from fossil fuels.” – Thank you long time reader Mr Will Driscoll – source Credit Suisse, ‘Renewables Roundup.’ This interests me on a few levels – and it should concern utilities on fundamental levels. First off – large users of electricity are now able to take a hands on approach. As a commercial/industrial developer myself – I see it every single day. I’ve brought many companies to buying zero kWh from the utility. Secondly – an exit fee of tens of millions – this is a lot of money, but Microsoft is no fool and they ran the numbers.