February 2001 - The Center for Resource Solutions (CRS), which oversees the Green-e green power certification program, has posted information explaining the impact of the California electricity crisis on the green power market.
At one point, green power marketers served more than 175,000 retail customers in California but most of these customers have now been returned to their default suppliers. According to CRS, marketers have exited the retail market because of credit problems resulting from the dramatic spread between rising wholesale prices and fixed retail rates. With the abolishment of the California Power Exchange (PX) in January, marketers faced "enormous risk" in determining how retail rates would be established in the future.
CRS is optimistic that "green power marketers will be able to reorganize and offer new green electricity products, regardless of the future regulatory and legislative environment." Furthermore, CRS notes that the successes experienced by green power marketers provide "a clear sign to policy-makers that, given the choice, Californians are eager to purchase green power."
News Release - California Power Crisis: Impacting the Green Power Market - No longer online at yahoo.com
More Information - California Update: Information About Green Power Choice and What You Can Do to Save Energy - No longer online at green-e.org
More Information - California Green Power Update (PDF 1 KB) Download Acrobat Reader
More Information - The Top Ten Factors that Affected California's Green Power Market (PDF 1 KB) Download Acrobat Reader