Provided consulting services to California Energy Commission (CEC) in developing the 33% renewable energy goals, market price referent (MPR), and feed-in tariff (FiT) mechanism. Work included applying a Capital Asset Pricing Model (CAPM) approach to estimate the risk-adjusted discount rates, used by the CEC to calculate the Market Price Referent (MPR). This reference price is used by renewable generation project developers to set their bid price into California’s utility Renewable Portfolio Standard (RPS) renewable resource solicitations.
