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What is a Renewable Energy Portfolio Standard?

April 26, 2017portfolio renewable energy standard

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What is a Renewable Energy Portfolio Standard?

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A renewable portfolio standard, or RPS, is a regulatory regime designed to encourage the development of renewable energy and, in particular, solar energy. A RPS generally requires that an increasing percentage of all electricity sold by electricity suppliers comes from specific sources of renewable energy. Currently, 30 states, including Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Washington, DC and West Virginia have a RPS in place.