The renewables portfolio standard is an initiative that requires states to develop plans to generate energy from renewable resources. 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. Not only do the standards need to address renewable energy resources but they also require that eligible generation resources be identified by states. Some states are exploring incentives to encourage the construction of nuclear power plants, even though nuclear energy isn't usually considered a renewable resource. Nuclear electricity is not generally considered to be a renewable resource, even though it is virtually carbon-free. These state policies are commonly referred to by the terms clean energy targets, emission-free electricity targets, or renewable portfolio standards.
California
California Renewables Portfolio Standard is a program to promote clean, renewable energy. RPS is designed increase the percentage of renewable energy within the state's electric supply. Investor-owner utilities, small utilities, multijurisdictional utilities must produce at least 33% of electricity from renewable resources by 2020. 60 percent is the target by 2030. 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
The Renewables Portfolio Standard (RPS) system in Nevada was first adopted in 1997. As technology advanced, the standard was amended to meet higher standards. The goal was to reduce dependence upon fossil fuel-fired power stations and increase the proportion of renewable energy within the electricity supply. The resultant shift in electricity supply can also be seen as a positive development for public health, the environment, energy costs, and public safety. Nevada's renewable power portfolio includes a range of energy sources that utilities may use to meet the demand.
Connecticut
The Renewables Portfolio Standard (RPS), which mandates Connecticut energy providers, requires them to procure a predetermined percentage of electricity from renewable sources. This standard is effective until 2020. The RPS currently requires that retailers obtain 20% of their electricity from renewable sources. The state has set a higher goal of 40% renewable energy in 2040. In order to meet the RPS, a plan for state-wide support of renewable energy development and deployment is required. Connecticut's goal is to reach the RPS by 2020.
New York
The New York State Renewables Portfolio Standard (RPS) aims to increase the share of renewable energy in a utility's electricity portfolio. This goal is in line with the state's Energy Plan, which aims to generate 2,400 MW of offshore wind by 2030. New York utility companies are required to generate 12.5% of electricity from renewable sources by 2021 and 10% in 2018. The RPS also requires utilities to create renewable energy demonstration parks.
Puerto Rico
Puerto Rico's state legislature passed a bill that requires utilities to have a minimum of fifty percent renewables portfolio by 2050. This measure joins Washington, D.C., Hawaii, California, and Hawaii in setting a goal to achieve a 100% renewable energy target before that date. It has suffered from high fossil fuel costs. Once signed by the governor, the law will be in effect. The bill has two main purposes: to reduce the island’s impact on its environment and to lower its electricity bill.
Maryland
Maryland's Renewables Portfolio Standard requires electricity suppliers in Maryland to use a minimum percentage of renewable power. This standard applies to competitive suppliers as well as electric companies that provide Standard Offer Service (SOS). Each year, electricity suppliers file a compliance report with the Commission to verify that they are meeting the renewable requirement. The report helps consumers make informed decisions about their energy requirements. Maryland is concerned about this issue.