Factsheet: Renewable portfolio standards sustainable energy Act

Renewable portfolio standards sustainable energy Act

Key Information
Full name of Instrument & Measure (English): 
HB 2141 Renewable portfolio standards sustainable energy Act
Description: 
A Bill elaborated to: (a) For each provider of electric services, the commission shall establish a portfolio standard for renewable energy that shall require each provider to generate or acquire electricity from renewable energy systems in an amount defined in the H. B. 2141. (b) If, for the benefit of one or more of its retail customers in this state, the provider has subsidized, in whole or in part, the acquisition or installation of a solar energy system which qualifies as a renewable energy system and which reduces the consumption of electricity, the total reduction in the consumption of electricity during each year that results from the solar thermal energy system is deemed to be electricity that the provider generated or acquired from a renewable energy system for the purposes of complying with its portfolio standard. (c) The commission may adopt regulations that establish a system of renewable energy credits, that is a trading mechanism that may be used by a provider to comply with its portfolio standard. (d) The commission shall establish a renewable energy fund for the purpose of promoting renewable energy systems in the state. Any provider may comply with the requirements of this article by paying two cents into the fund for every kilowatt-hour it sells to retail customers in this state. (e) Each provider of electric service shall submit to the commission an annual report that provides information that relates to the actions taken by the provider to comply with its portfolio standard.
Goal/Aim: 
Increase the share of renewable energy in electricity production

Sector/Topic targeted:

Status:

Trade Relevance: 
Policies stimulating domestic use of biomass => availability for export
Year Instrument & Measure Started: 
2014