Renewable Portfolio Standard. The Competitive Supplier shall include Renewable Energy in the All Requirements Power Supply mix in an amount no less than that required by any Governmental Authority, including laws, regulations or policies adopted pursuant to the provisions of X.X. x. 25A, section 11F and 11F1/2, starting with the requirement on the Start-Up Service Date, or pay all penalties imposed by any Governmental Authority related to Renewable Energy requirements.
Renewable Portfolio Standard. All parties agree that a Renewable Portfolio Standard (RPS) is an effective structure for the Hawaiian Electric companies’ obligation to add renewable energy. Therefore, the par- ties agree to seek legislative changes to the existing RPS as follows: • RPS goals will be increased to 25% (from 20%) by 2020 and 40% by 2030. However, through 2015 no more than 30% of the companies’ total RPS may come from imported biofuels used in utility-owned units. All grid-connected renewable energy generation, both central-station and distributed, shall count towards the RPS goal. • Energy savings from energy efficiency, demand response, and renewable displace- ment shall NOT count toward RPS goals after 2014 but shall be fully counted toward achievement of HCEI goals. ‘Big Wind’ Wind power is abundant on the Neighbor Islands with a combined potential across the State thought to be in excess of 1,000 MW, including only about 100 MW on Oahu. The Hawaiian Electric companies commit to expeditiously integrate, with the assistance of the State, up to 400 MW of wind power into the Oahu electrical system from one or more wind farms on Lanai or Molokai and transmitted to Oahu via undersea cable sys- tems. Therefore: • Developers of Big Wind projects will be responsible for matters related to implemen- tation of their wind farm facilities, including permitting, direct infrastructure and requirements to meet performance standards such as energy storage. • The State, in coordination with developers, contractors, and/or Hawaiian Electric, will be responsible for siting and permitting the undersea cable system. The State, with Hawaiian Electric and/or developers’ reasonable assistance, shall seek federal xxxxx or loan assistance to pay for the undersea cable systems. If needed, additional funding for the cable system will be provided through a prudent combination of tax- payer and ratepayer funding. • Hawaiian Electric will be responsible for funding, constructing, operating and main- taining all land-based connections and infrastructure up to the interconnection point with the State-owned undersea cable systems. Decoupling revenues from sales All parties agree that transition to Hawaii’s clean energy future requires that the Hawaiian Electric utilities should no longer be compensated under a model which inherently en- courages increased electricity usage. Decoupling is a regulatory mechanism that de-links the utilities’ revenues and profits from electricity sales. This decoupling of r...
Renewable Portfolio Standard. This variable captures the effect of operating in a state with an established renewable portfolio standard (RPS). These standards mandate that utilities generate a specified proportion of their energy from renewable sources. We first create a variable that takes the value 1 if the state had an RPS in place and 0 if not, using the Database of State Incentives for Renewable Energy (DSIRE). For multi-state utilities, this variable is weighted based on the percentage of electricity produced within each state by the utility. Renewable portfolio standards did not exist in the period previous to the creation of the Climate Challenge Program.
Renewable Portfolio Standard. NAP’s renewable products containing retired Tier 1 renewable source or Tier 2 renewable source RECs may be used to meet NAP’s statutory Renewable Portfolio Standard (“RPS”) obligation. Except as provided by law, NAP may meet its RPS obligation by paying a compliance fee as prescribed by state law. Statutory RPS requirements are included herein. Compliance Year Tier 1 Tier 1 Solar Tier 2 2016 12.7% 0.07% 2.50% 2017 13.1% 0.95% 2.50% 2018 15.8% 1.4% 2.50% 2019 17.4% 1.75% 2.50% 2020 18% 2% 2.50% 2021 18.7% 2% 2.50% 2022 20% 2.000% 2.50% ENVIRONMENTAL DISCLOSURE LABEL: NAP will send you an Environmental Disclosure Label two times per year. A copy of NAP’s Environmental Disclosure Label is also available on NAP’s website at xxx.xxxxxxx.xxx .
Renewable Portfolio Standard. This variable captures the effect of operating in a state with an established Renewable Portfolio Standard (Xxxxxx et al., 2007). These standards mandate that utilities generate a specified proportion of their energy from renewable sources. We first create a variable that takes the value 1 if the state had a Renewable Portfolio Standard in place and 0 if not, using the Database of State Incentives for Renewable Energy. For multi-state utilities, this variable is weighted based on the percentage of electricity produced within each state by the utility. Renewable Portfolio Standards did not exist in the period prior to the creation of the Climate Challenge Program.
Renewable Portfolio Standard. If a renewable portfolio standard or similar requirement applicable to Buyer is implemented by the State of Alaska or the United States (an “RPS”), Seller shall take all commercially reasonable steps to ensure that the Net Electric Energy qualifies as a renewable resource under such RPS and that the Credits qualify as renewable energy credits or the equivalent under such RPS. In the event of conflict between the Green-e Standard and the RPS, the terms of the RPS shall control.
Renewable Portfolio Standard. The formal pronouncement issued by or on behalf of a Participant, or which may otherwise be applicable to a Participant, describing its renewable energy goals or requirements as the same may be modified or amended from time to time. A Participant's Renewable Portfolio Standard may also be referred to from time to time as its renewable portfolios standard or as its RPS.
