CREZCompetitive Renewable Energy Zone (Public Utility Commission of Texas)
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It similarly noted that "at the end of the CREZ process, several CREZs shall be identified and established in the country."
The measure will also form the Philippine CREZ, which will identify and establish CREZ, as well as develop a planning framework that shall direct the country's transmission development to areas where potential RE resources are located.
The draft circular is meant to identify CREZ in the country and complement the 'Greening the Grid: Solar and Wind Integration study for the Luzon-Visayas Systems in the Philippines' in which the RE targets of 30 percent and 50 percent are achievable in the power system as planned for 2030.
Times, July 24, 2014 (reporting on completion of Texas CREZ projects); R.
(282) The state offered financial incentives for investment in renewable power within the CREZ zones, and decided to "socialize" the costs of building transmission generators in the CREZ zones eastward to those in San Antonio, Houston, and the remainder of central and east Texas.
Unlike deregulation in California, which led to a near-collapse of the grid and a series of major blackouts in 2000 and 2001, the policy in Texas has mostly worked as planned, thanks to efficient grid operations and the abundance of transmission lines in the CREZ network.
That's because Texas long ago surpassed its renewable energy goal, and most of the $7 billion CREZ program - which regulators used to build power lines to connect windy West Texas to large electricity-hungry cities in the east - was completed in December.
(188) As part of its 2005 revision to its renewable portfolio standards requirement, Texas designated five areas, mostly in the western part of the state, as "Competitive Renewables Energy Zones" (CREZs) with sufficient potential for large-scale development of renewable energy.
25, 2011), power?cmpid=WNL-Friday-August26-2011 (crediting interplay of CREZ and RPS for Texas's wind success); see also Wind Rebounds in 2Q, supra note 27 (labeling Texas as frontrunner in United States wind development).
The project is a Competitive Renewable Energy Zone (CREZ) Project.