Tag: renewable portfolio standard

A majority of states have Renewable Portfolio Standards (RPS)—energy mandates that require utilities to produce or purchase a certain amount of electricity from renewable sources, such as wind and solar. These costly regulations have detrimental impacts on employment, income, and investment, leading policymakers in several states to take steps to either freeze or eliminate their […]

More than half of U.S. states have established Renewable Portfolio Standards (RPS) requiring electric utilities to generate a certain percentage of their electricity from renewable sources. These mandates raise energy costs by forcing households and businesses to use more wind and solar energy, which are more expensive and less reliable than traditional energy sources like […]

The state of Nevada—like many others—has implemented a “Renewable Portfolio Standard,” or RPS. According to the state mandate—which was first implemented in 1997 but has since been periodically revised—the state utility, NV Energy, must produce at least 25 percent of its total retail electricity with eligible renewable sources by 2025, and 6 percent of the […]