Renewable Energy Portfolio Standard definition

Renewable Energy Portfolio Standard shall have the meaning ascribed to it in Subtitle 7 of the Maryland Public Utility Companies Article as amended from time to time.
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Renewable Energy Portfolio Standard or “RPS” means the percentage of retail electricity sales in the State that is to be derived from Eligible Energy Resources.
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Renewable Energy Portfolio Standard and "RPS" means "the percentage of electricity sales at retail in the state that is to be derived from eligible energy resources". See Delaware Code, Title 26, Chapter 1, Subchapter III-A, Section 352(19) (Exhibit IND-54).
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Examples of Renewable Energy Portfolio Standard in a sentence

  • However, if the Customer chooses to sell solar Renewable Energy Credits, the Customer must first offer them for sale to an electric company or an electricity supplier that shall apply them toward compliance with the Maryland Renewable Energy Portfolio Standard.

  • The Electricity Restructuring Act of 19971 established a requirement to foster the development of new renewable energy sources through implementation of the Renewable Energy Portfolio Standard (“RPS”) (M.G.L. ch.

  • If, on or after the Initial Bid Date, the Renewable Energy Portfolio Standard is changed, and/or a new Federal Renewable Requirement is enacted, by law or regulation during a Delivery Period, Seller may charge the Buyer the additional cost, if any, of its proportional increase in Renewable Energy Portfolio Standard for the remainder of the year of SOS in which the change takes effect (“Initial Year New Requirements”), subject to the provisions below.

  • Notwithstanding the foregoing, nothing in this Agreement shall preclude Seller from taking any position before any Governmental Authority regarding creation of or changes to the Renewable Energy Portfolio Standard.

  • Seller shall provide the Buyer, subject to the confidentiality provisions of this Agreement, sufficient information to demonstrate that the increase in cost is due solely to the revised Renewable Energy Portfolio Standard and that the cost for such additional Renewable Energy Portfolio Standard is commercially reasonable.

  • Approved additional costs that are incurred by Seller prior to the date of Maryland PSC approval shall include, but shall not be limited to, any Alternative Compliance Payments or Solar Alternative Compliance Payments (as those terms are used in the Renewable Energy Portfolio Standard) paid by the Seller with respect to Initial Year New Requirements, as well as interest at the Interest Rate, applied on a monthly basis from the date the costs are incurred.

  • The 1997 Massachusetts Electric Utility Restructuring Act directed the Massachusetts Division of Energy Resources (DOER) to establish a Renewable Energy Portfolio Standard (RPS) to achieve a more diverse, environmentally sound electricity supply over time and to assist the renewable industry on a path toward increasing sustainability.

  • For the purposes of clarity, the Competitive Supplier shall be responsible for the final amendments to the regulations of the Renewable Energy Portfolio Standard (“RPS”) as filed by the Department of Energy Resources with the Joint Committee on Telecommunications, Utilities, and Energy on August 16, 2021.

  • Measure (Measure No.)StatusReduction (If Applic.)SB 375 Implementation (T-3)Regional Targets established by Board Sept 20103.033-Percent Renewable Energy Portfolio Standard (E-3)Authorized by SB1X 2 (Statutes of 2011); Planning and development actions underway.

  • A New Jersey Class II REC is an electronic certificate issued by PJM-GATS for qualifying generation, as defined in New Jersey Renewable Energy Portfolio Standard and promulgated under N.J.A.C. 14:8.


More Definitions of Renewable Energy Portfolio Standard

Renewable Energy Portfolio Standard. (“RPS Regulations” or “RPS”) – The regulations found at 225 CMR 14.00 (Class I), 225 CMR 15.00 (Class II), respectively, promulgated pursuant to M.G.L. c. 25A § 11F that requires all retail electricity Sellers in Massachusetts to provide a minimum percentage of electricity from certain Class I, Class II and Class II waste energy generating resources.
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Renewable Energy Portfolio Standard means the percentage of electricity sales at retail in the state that is to be derived from eligible energy resources or transitional energy resources.
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Renewable Energy Portfolio Standard or “standard” means the percentage of electricity sales at retail in the District of Columbia that is to be derived from tier one renewable sources and tier two renewable sources in accordance with section 4(c).
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Renewable Energy Portfolio Standard shall have the meaning set forth in the RPS Act.
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Renewable Energy Portfolio Standard or “standard” means the percentage of electricity sales at retail in the State that is to be derived from Tier 1 [renewable sources and], Tier 2, AND TIER 3 renewable sources in accordance with § 7–703(b) of this subtitle.
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Renewable Energy Portfolio Standard means the rules made by the commission in
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Related to Renewable Energy Portfolio Standard

  • Energy efficiency portfolio standard means a requirement to

  • California Renewables Portfolio Standard means the renewable energy program and policies established by California State Senate Bills 1038 and 1078, codified in California Public Utilities Code Sections 399.11 through 399.20 and California Public Resources Code Sections 25740 through 25751, as such provisions are amended or supplemented from time to time.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Renewable Portfolio Standard or “RPS” means a state or federal law, rule or regulation that requires a stated amount or minimum proportion or quantity of electricity that is sold or used by specified persons to be generated from Renewable Energy Sources.

  • Renewable energy project means (A) a project

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Energy Management System means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Class I renewable energy means electric energy produced from

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Class II renewable energy means electric energy produced at a

  • Neighborhood electric vehicle means a self-propelled

  • PJM Interchange Energy Market means the regional competitive market administered by the Office of the Interconnection for the purchase and sale of spot electric energy at wholesale in interstate commerce and related services established pursuant to Operating Agreement, Schedule 1, and the parallel provisions of Tariff, Attachment K - Appendix.

  • Hybrid electric vehicle (HEV) means a hybrid vehicle where one of the propulsion energy converters is an electric machine.

  • Renewable resource means: (a) Water; (b) wind; (c) solar

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Renewable Resources means one of the following sources of energy: solar, wind, tidal, geothermal, biomass, hydroelectric facilities or digester gas.

  • Historic resource means a publicly or privately owned historic building, structure, site, object, feature, or open space located within an historic district designated by the national register of historic places, the state register of historic sites, or a local unit acting under the local historic districts act, 1970 PA 169, MCL 399.201 to 399.215, or that is individually listed on the state register of historic sites or national register of historic places, and includes all of the following:

  • Base Load Generation Resource means a Generation Capacity Resource that operates at least 90 percent of the hours that it is available to operate, as determined by the Office of the Interconnection in accordance with the PJM Manuals.

  • Wind energy facility means the turbines, accessory buildings, transmission