What is an RPS?
An RPS is a Renewable Portfolio Standard. It is a state law that requires retailers of electricity to purchase a certain percentage of their power from renewable resources, including wind. The retailers, however, can purchase their renewable energy from whatever sources they wish, and this has the effect of encouraging the most cost effective renewable energy generation. RPS’s have been successful at increasing the generation of power from renewable resources in certain US State, notably Texas.
An RPS is a Renewable Portfolio Standard. It is a provincial law that requires retailers of electricity to purchase a certain percentage of their power from renewable resources, including wind. The retailers, however, can purchase their renewable energy from whatever sources they wish, and this has the effect of encouraging the most cost effective renewable energy generation. RPS’s have been successful at increasing the generation of power from renewable resources in certain US States, notably Texas. The Canadian Wind Energy Association has been encouraging provinces to introduce RPS’s to stimulate the market for wind energy.
Related Questions
- MY COMPANY IS INTERESTED IN SPONSORING THE 2004 MAGIC HAT NE US RPS CHAMPIONSHIP CLASSIC. HOW CAN I GET MORE INFORMATION ON THE OPPORTUNITIES AVAILABLE?
- What Impacts Might a Federal RPS Standard Have on Renewable Electricity Generation?
- WHAT S THE DEAL WITH PERFORMANCE-ENHANCING DRUGS IN COMPETITIVE RPS?
