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Posts Tagged ‘Renewable Portfolio Standard’

New Solar Bill Passed in New Jersey Changes State’s Renewable Portfolio Standards

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By Anne Lindner
Vice President, Energy Policy – Mid Atlantic

A new bill (S1925) was signed into law in New Jersey recently, which changes the state’s Renewable Portfolio Standards (RPS) requirements beginning in the 2014 compliance year (June 1, 2013-May 31, 2014).  The legislation was introduced as an attempt to bolster the solar industry in New Jersey, which has experienced some volatility due to an over-build of solar facilities in New Jersey.  It is projected that this legislation will increase the demand for Solar Renewable Energy Credits (SRECs) and therefore provide some stability to solar developers in New…
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Update on California’s Renewable Portfolio Standard

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Recently, the Committee on Regional Electric Power Cooperation (CREPC, for short) in California held a seminar on the status of the state’s Renewable Portfolio Standard (RPS). While the seminar contained many valuable data points on the efforts of the state’s electric service providers to meet the RPS requirement, the slide shown below was particularly helpful in summarizing the complex requirements around RPS.

Image Source: CREPC

As a refresher, the California CPUC presently mandates that all electric service suppliers provide at least 20% of their energy from renewable sources…
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A Sustainable Solution That Works for Every Business, Including Ours

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One of the most significant sustainability decisions that a business can make is to match its electricity supply with renewable energy certificates (RECs). At Constellation Energy, we match 100 percent of the electricity requirements for more than 60 of our offices and two of our major data centers nationwide with RECs sourced from wind renewable resources located within the United States. 

This means that for every kilowatt of power that these offices use, an equal amount of renewable electricity is being supplied to the grid.

Through our purchase, we are ensuring that there is a financial incentive for power…
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Pennsylvania’s Potential for a Robust Solar Market

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Pennsylvania has a lot of the right things in place to be a strong solar state.  Typically, for solar energy projects to be economically viable for customers, the following should be in place in the state in which they are doing business:

Legislative mandate – There should be a mandate in place by the state for energy providers to source a percentage of their energy from solar resources.  Pennsylvania has had a Renewable Portfolio Standard (RPS) with a specific solar carve out (the amount of the RPS that has…
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