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.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3
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).
Sample 1Sample 2Sample 3

Examples of Renewable Energy Portfolio Standard in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 with the legislature by the Department of Energy Resources on April 16, 2021.

  • RECs represent the environmental and other non-energy attributes, value and credits of any kind and nature associated with one (1) megawatt hour (MWh) of generation eligible for compliance against the Renewable Energy Portfolio Standard, 225 C.M.R. 14.00, including, but not limited to, any and all Solar RECs, pollution offsets or allowances, and regulatory compliance rights.

  • The electrical energy output of an RPS Class I Renewable Generation Unit or Solar Carve-Out Renewable Generation Unit as defined under 225 CMR 14.00: Renewable Energy Portfolio Standard – Class I.

  • Renewable Energy Portfolio Standard for contracts: Solar Component Year Tier 1 of Tier 1 Tier 2 2019 20.700% 5.500% 2.5% 2020 28.000%* 6.000% 2.5% 2021 30.800%* 7.500% 0.0% 2022 33.100%* 8.500% 0.0% 2023 35.4%* 9.500% 0.0% The above stated percentages apply to retail metered sales.

  • Competitive Supplier agrees that All-Requirement Power Supply includes the obligations to comply with the Renewable Energy Portfolio Standard with respect to electricity sales to Participating Consumers pursuant to this ESA.


More Definitions of Renewable Energy Portfolio Standard

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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1
Renewable Energy Portfolio Standard shall have the meaning set forth in the RPS Act.
Sample 1
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).
Sample 1Sample 2
Renewable Energy Portfolio Standard means the rules made by the commission in
Sample 1

Related to Renewable Energy Portfolio Standard

  • Energy efficiency portfolio standard means a requirement to

  • Renewable Energy Standard means the minimum renewable energy capacity portfolio, if applicable, and the renewable energy credit portfolio required to be achieved under section 28 or former section 27.

  • 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.

  • 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

  • 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

  • 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: