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RPSs, RECs and two-way meters

Update 2015, this post is as timely as ever:  Most of us, I reckon, don't give much thought to electricity bills. We don't lie awake in bed dissecting our monthly energy use down to the watt-hour. Nor do we chat with co-workers about the wondrous world of weatherstripping (it saves so many kWhs in winter!). We certainly don't subscribe to Electric Light & Power magazine, be it, as it may, a critical resource for understanding the vagaries of utility pricing schedules and state-by-state regulations. No, most of us are aware of electricity's presence only in those rare moments when it's not there. Example: when a late-July thunderstorm brought a tree branch down on a powerline near my house, it took only about 15 minutes before I started griping about not being able to charge my iPod. Alas, this is the nature of the human mind: it's not until we feel a thing's absence that we truly appreciate its full worth.

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