U.S. Renewable Portfolio Standards Report Provides Clear Insight into Market

June 29, 2009 - PRLog -- A new report published by Energy Business Reports, a leading publisher in the energy industry, provides an understanding of state-based Renewable Portfolio Standards (RPS). Titled “Understanding U.S. Renewable Portfolio Standards,” the report examines the nature, mechanics, features and advantages of RPS and provides a comprehensive guide to the U.S. State RPS Program requirements.

As President Obama has called for 10 percent of the nation’s electricity to come from a renewable source by 2012, and 25 percent by 2025, different states have varying RPS targets and years (e.g., Arizona's 15 percent by 2025 and Colorado's 20 percent by 2020). However, multiple factors shape the various program designs, including resource eligibility, in-state requirements, new build requirements, technology favoritism, cost caps, program coverage, cost recovery by utilities, penalties for noncompliance, rules regarding REC creation and trading, and additional nonbinding goals.

“As of March of this year, RPS requirements or goals have been established in 33 states and the District of Columbia. All of the RPS programs vary wildly to reflect state-specific policy objectives, resources, and capacity to adopt renewable energy sources,” says Barbara Drazga, Publisher at Energy Business Reports. “As regulatory policies push for adoption of renewable energy sources, understanding RPS is of key importance for electric utilities and other retail providers.”Our report, 'Understanding U.S. Renewable Portfolio Standards', helps energy industry executives understand what each state is doing to meet RPS requirements and how to effectively support clean energy supply initiatives."

For more information, visit  http://www.energybusinessreports.com/shop/item.asp?itemid...

About the Publisher: “Understanding U.S. Renewable Portfolio Standards” is published by Energy Business Reports, an energy industry think tank and leading source for energy industry information and research products. For details on all reports can be found at http://energybusinessreports.com

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Energy Business Reports publishes cutting-edge business research and analysis reports in the global energy industry including power, oil and gas, and renewables markets.