SMUD: Electricity as transportation fuel a win-win
New research commissioned by CalETC (California Electric Transportation Coalition) and conducted by TIAX LLC contends that, in the early years of the Low Carbon Fuel Standard, oil companies could comply with the standard almost entirely by purchasing credits from the electricity sector.
"Electricity as a transportation fuel is a win-win for the economy and for the environment," said Elisabeth Brinton, head of Sacramento Municipal Utility District's (SMUD) retail business. "So is the Low Carbon Fuel Standard. It's a great idea whose time has come."
Electricity makes economic sense, the research suggests, as it costs about 75 percent less than gas or diesel when used as a transportation fuel.
"We're hearing that there's a lot of pressure to relax the regulations that can help bring clean fuels and diversity to the transportation fuels sector. We already know that fuel diversity, particularly electricity, as a transportation fuel can benefit the economy while also cleaning our air," said Eileen Tutt, executive director of CalETC.
- see the report