The renewables standard portfolio standard is an initiative that requires state governments to plan to generate energy from renewable resources. The four major areas of focus are Nevada, California and Connecticut. Each state has different rules and regulations related to renewable energy generation. Not only do the standards need to address renewable energy resources but they also require that eligible generation resources be identified by states. Although nuclear energy does not usually qualify as a renewable resource state are considering offering incentives to invest in nuclear power plants. Although nuclear power is generally considered to be a renewable resource because it is carbon-free as well as largely emission-free (nuclear electricity is not). These state policies are generally referred to as clean energy targets or emission-free electricity targets, not renewable portfolio standards.
California
California Renewables Portfolio Standard - (RPS), is a program intended to encourage clean and renewable energy. The RPS program is designed to increase the share of renewable energy in the state's electricity supply. It requires utilities owned by investors, small utilities, as well as multijurisdictional utilities, to produce at least 33% from renewable energy by 2020. By 2030, the goal is to reach sixty percent. It reduces greenhouse gases emissions and lowers electricity costs. Additionally, it stabilizes rates and helps to ensure that the electric grid runs more reliably.
Nevada
In 1997, Nevada adopted the Renewables Portfolio Standard (RPS). As technology improved, the standard was later modified to include higher standards. The goal is to decrease reliance on fossil fuel powered power plants and increase renewable energy's share in the electricity supply. The resultant shift in electricity supply can also be seen as a positive development for public health, the environment, energy costs, and public safety. Nevada's renewable power portfolio includes a range of energy sources that utilities may use to meet the demand.
Connecticut
The Renewables Portfolio Standard is a mandate for Connecticut's energy providers to get a specific percentage of their electricity renewable by 2020. The RPS currently requires retailers to obtain 20% of their energy from renewable resources. The state has a higher target, 40% renewable energy by 2040. The RPS also requires the creation of a plan that is state-wide to encourage the development, deployment and use of renewable energy resources. Connecticut has ambitious goals to meet the RPS.
New York
The New York State Renewables Portfolio Standard is designed to increase renewable energy's share in an utility's electricity portfolio. This goal is consistent with the state’s Energy Plan that aims to produce 2,400 MW of offshore winds by 2030. The RPS requires that New York's utility companies generate 12.5% and 10% of their electricity from renewable resources, respectively, by 2021. The RPS also requires utilities that they create demonstration parks of renewable energy.
Puerto Rico
Puerto Rico's state legislature approved a bill to require utilities that they meet a renewable portfolio standard of at minimum fifty percent by 2050. California, Hawaii, Washington, D.C., all have passed similar bills to help them achieve their 100% renewable energy goal. It has suffered from high fossil fuel costs. The governor will sign the new law. This bill is intended to reduce the island's environmental impact and lower the island's electricity bills.
Maryland
Maryland's Renewables Portfolio Standard (RPS) requires electricity suppliers to produce a certain amount renewable energy. This standard is applicable to both competitive suppliers and electric companies that offer Standard Offer Service (SOS). Electricity suppliers must file a compliance statement with the Commission each year to confirm that they comply with the renewable requirements. The report can be used to help consumers make informed energy decisions. Maryland must address this problem.