“Staff outlines cost, risk, and ratepayer impacts as board opts to revisit policy in 2026“
The Reading Municipal Light Department (RMLD) Board of Commissioners has deferred a decision on whether to increase its retirement of renewable energy certificates, choosing instead to revisit the issue in fall 2026 after further policy review. The discussion this week, presented by staff member Erica Oliver, examined the financial and operational implications of retiring RECs above state-mandated levels, with commissioners weighing environmental goals against potential impacts on customer bills.
During the presentation, Oliver outlined comparisons between estimated and actual costs associated with higher REC retirement percentages, noting that most customers were projected to see bill increases of less than $2 per month under current scenarios. The analysis also highlighted uncertainties tied to load growth, variability in renewable generation, and exposure to fluctuations in the REC market, all of which could affect long-term costs.
Commissioners discussed whether exceeding state requirements aligns with customer cost sensitivity and risk tolerance, emphasizing the need for flexibility in policy design. The timing of any increase was also raised as a key consideration, particularly given evolving market conditions and future demand forecasts.
Ultimately, the board agreed to table the matter, directing the Policy Committee to review relevant policy language before bringing recommendations back for consideration. With no vote taken, commissioners signaled that the issue remains active and is likely to return for debate once additional analysis and policy groundwork are completed ahead of the 2026 timeline.
