The renewables portfolio standard requires that states develop plans to generate renewable energy. There are four main areas to be focused on: Nevada, California Connecticut, New York and Connecticut. Each state has its own rules and regulations regarding renewable energy generation. These are discussed in greater detail below. In addition to renewable energy resources, the standards also require states to identify eligible generation resources. Some states are exploring incentives to encourage the construction of nuclear power plants, even though nuclear energy isn't usually considered a renewable resource. Although nuclear power is generally considered to be a renewable resource because it is carbon-free as well as largely emission-free (nuclear electricity is not). These state policies, which are not part of the renewable portfolio standard, are generally called clean energy goals or emission-free power targets.
California
California Renewables Portfolio Standard - (RPS), is a program intended to encourage clean and renewable energy. RPS is designed to increase renewable energy's share in the state's electricity supply. Investor-owner utilities, small utilities or multijurisdictional providers are required to generate at minimum 33% of their electricity using renewable resources by 2020. By 2030, the goal is to reach sixty percent. It reduces greenhouse gases emissions and lowers electricity costs. Additionally, it stabilizes rates and helps to ensure that the electric grid runs more reliably.
Nevada
In 1997, Nevada adopted the Renewables Portfolio Standard (RPS). The standard was later amended to higher standards as technology improved. The goal is to decrease reliance on fossil fuel powered power plants and increase renewable energy's share in the electricity supply. The change in electricity supply can therefore be viewed as a positive for the environment, public health and energy costs. Nevada's renewable energy portfolio offers a variety of energy sources that utilities have access to in order to meet their demand.
Connecticut
The Renewables Portfolio Standard (RPS) is a mandate for energy providers in Connecticut to obtain a specified percentage of their electricity from renewable sources by 2020. Currently, the RPS requires retailers to acquire 20% of their energy from renewable resources. The state targets 40% renewable energy by 2040. The RPS requires that a state-wide plan be created to promote the use and development of renewable energy resources. In Connecticut, the goal of meeting the RPS is quite ambitious.
New York
New York State Renewables Portfolio Standard (RPS), which aims at increasing the percentage of renewable energy within a utility's electric portfolio, is a standard that was established by New York State. This goal is consistent the state's Energy Plan. It aims to generate 2,400MW offshore wind by 2030. New York's utilities are required to produce 12.5% of the electricity they generate from renewable resources by 2021. This will increase to 10% by 2018. The RPS also requires utilities that they create demonstration parks of renewable energy.
Puerto Rico
Puerto Rico's state legislature has passed legislation requiring utilities meet a minimum 50 percent renewables portfolio standard by 2050. California, Hawaii, Washington, D.C., all have passed similar bills to help them achieve their 100% renewable energy goal. The island has been suffering from high costs associated with fossil fuels. After the governor signs it, the new law will go into effect. The bill is aimed at reducing the impact on the island's environment and lowering the island's electricity bill.
Maryland
Maryland's Renewables Portfolio Standard requires electricity suppliers in Maryland to use a minimum percentage of renewable power. This standard is applicable to both competitive suppliers and electric companies that offer Standard Offer Service (SOS). Every year, electricity suppliers file a Compliance Report with the Commission to ensure that they are meeting the renewable obligation. The report can help consumers make informed choices about their energy needs. Maryland has to address this important issue.