Balto Energy Sees Economic Opportunity In The Chaotic Policies Of The California PUC

has just announced a new program designed to meet the challenges created by the California Public Utilities Commission this year. The CPUC has gutted theprograms. Why the CPUC would do that except to please the politically powerful investor owned utilities in the state is a mystery to most observers.

Why is all that important? Because those things lower total energy usage so the system today can be sized for future needs. As a result, Balto gives homeowners an extra financial incentive to transition to an energy efficient, all electric home. It also unlocks financing options that make the transition possible.This week, Balto Energy unveiled a software suite called the Solar-Led Electrification Design tool, which is designed to make all the necessary data collection and analysis possible.

What attracted Balto Energy to California is the state’s history of volatile pricing for electricity on its grid from hour to hour. Being able to predict movements in the market creates opportunities for profits. Predicting years of costs and benefits based on these hourly shifts is complicated but necessary, said Andrew Krause, CEO of Northern Pacific Power.

Balto would own the solar assets for a period of time, making it the entity that receives the credits. Some of its revenue would come from that revenue stream, and it would direct another portion of it toward reducing the interest rate on the financial instrument it offers customers. “While you might take out a loan today , and if that loan is 20 years, the interest rate could be 12%. We’re looking at half that or less,” Quazi said.

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