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.
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.
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.
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.
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.
The Electricity Restructuring Act of 1997 1 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.