The Hawaii Public Utilities Commission is now pondering the nation’s first FIT, and enactment would let Hawaii “stake a claim as a global leader in developing strategies to integrate renewable energy into power grids,” writes Jeff Mikulina.
The commentary details advantages Hawaii’s FIT could deliver while addressing the so-called “green premium” ratepayers might have to pay:
That oil price spike reached $147/barrel. Hawaii simply can't handle prices anywhere near that level, let alone above it. Oil's cost is passed on to consumers in virtually every product we buy and deliver, including air fares for incoming tourists. FITs and other well-conceived policies are essential for this isolated community to transition to a non-fossil fuel economy and in the process show others how it’s done.