We recently announced a future-focused goal titled “80 by 30”. The goal is to increase carbon-free energy sources from an estimated 33 percent in 2019 to 80 percent by 2030. Meeting this goal will require the advancement of technologies and allow PVREA to continue to be a leader in our industry.
Looking to the future and establishing what this looks like for PVREA and our members, setting such an ambitious goal does require milestones that must be achieved to reach “80 by 30”. PVREA, along with others in our industry, identified external and internal advancements that are essential:
- Development of a regional transmission market that allows for maximization of the electric grid with Tri-State Generation & Transmission (G&T), the co-op’s wholesale power provider, and PVREA as active participants
- Significant technological advancements in battery storage at a reasonable cost
- Transmission and distribution systems fully integrated
- Advancements in grid management systems
- Improvement in distributed generation performance
- Development and adoption of consumer energy management systems
We will work toward this goal with realistic parameters while remaining focused on affordable rates and maintaining the reliable and safe service you have come to expect. If external factors appear to impact reliability or rates due to industry regulations or mandates, you will be kept abreast of the situation.
While there are hurdles to cross, the path to reach “80 by 30” creates several opportunities for PVREA and our community. We will be able to proactively address Colorado’s evolving regulatory environment, as well as manage costs potentially coming down the pipeline from legislation. For most of the electric co-ops in the state (including Tri-State G&T), the recent Colorado legislation session had little consideration on what it would take to reduce carbon generation sources. Together, we need to change the narrative on what realistically can happen and what it would take to reach our goal – without impacting affordability or reliability.
“80 by 30” will also create exciting and innovative ventures for the co-op and our members. New products, services, and options will become available to members. There is a potential to lower costs over the next decade, while we also work to conserve our natural resources. And, we hope to see an atmosphere of realistic conversation start to emerge between all energy providers, regulators, and legislators. These conversations will produce a more comprehensive energy strategy for the benefit of our members and all electric consumers in Colorado.
Part of our plan is the continued pursuit of carbon-free generation opportunities, such as more solar, wind, and hydropower resources. In recent years, PVREA has already made significant carbon-free advancements through our local renewable energy projects, but we believe establishing a goal solidifies the path for the co-op’s continued efforts.
Any successful business is progressively looking for ways to improve and stay ahead of the curve. Setting goals is the first step in turning the impossible into the possible. We’re beginning initial work towards the “80 by 30” goal while holding the line on rates and continued improvement in reliable service. We will continue to keep members informed, and you can learn more at www.pvrea.coop/80by30.
President & CEO