Could Franchise Agreements Help Your City Reach 100% Renewable Energy?

As of today, 138 cities have formally announced 100% renewable energy goals or targets, while others are actively considering similar goals. Cities have a wide variety of renewable energy procurement options to help them achieve their goals. One such option available to cities is leveraging an electric franchise agreement to partner with their local utility on new renewable energy projects or programs. New National Renewable Energy Laboratory (NREL) research provides the first available analysis of franchise agreements nationwide. The analysis evaluates the extent to which municipalities have the authority to enter franchise agreements, how many have pursued additional energy objectives in or alongside their agreements, and to what effect. From a dataset of over 3,500 franchise agreements, the authors conclude that cities in 30 states have the opportunity to pursue franchise agreements, while municipalities in 20 states may be prohibited or otherwise precluded from pursuing this option. Follow this link to learn more.

Sourced from: Cities Speak

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