TITLE

STATE POLICIES SET MANDATES FOR RENEWABLE ENERGY

AUTHOR(S)
Drabick, J.R.
PUB. DATE
October 2003
SOURCE
BioCycle;Oct2003, Vol. 44 Issue 10, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Renewable Portfolio Standard (RPS) has emerged as a versatile and cost-effective policy tool for developing renewable energy resources in the U.S. Several states have successfully implemented effective and beneficial renewable portfolio standards, and the federal government may be next. An RPS is a market-based policy mechanism that requires utilities to produce a certain percentage of renewable electricity as a portion of their total output. One of the major advantages of an RPS is its flexibility. It allows a utility to fulfill its renewable electricity percentage requirement with any of the renewable technologies. This enables the use of the most cost-effective and appropriate technology in a given region, whether it is photovoltaics in the Southwest or wind in the Great Plains, and helps develop a diversified portfolio of energy resources.
ACCESSION #
11168518

 

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