The Powerful Role of Renewable Portfolio Standards

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Renewable portfolio standards (RPSs), which mandate that a certain amount of electric power be generated from renewable energy resources, are what shape the market for renewable energy in the U.S. While efforts to pass a natio-wide RPS have been unsuccessful, mandatory RPSs have been established in over 30 states and the District of Columbia, with nonbinding RPSs in another three states. These state RPSs, combined with other state programs and incentives, are leading and shaping the development of renewable energy in the U.S.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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