The Renewable Energy and Energy Efficiency Portfolio Standard (REPS) in North Carolina, which started in August 2007 through Senate Bill 3, stated that companies providing electricity to homes and businesses must use 12.5% renewable energy sources by 2021. Other smaller utility companies need to use 10% renewable energy by 2018. In February 2008, the North Carolina Utilities Commission (NCUC) made rules to follow this requirement.
What are the Requirements For Renewable Energy And Energy Efficiency Portfolio Standard (REPS)?
Electricity providers in North Carolina have to follow a set of rules called the Renewable Energy and Energy Efficiency Portfolio Standard or REPS. These rules tell them how much of their electricity must come from renewable sources or energy-saving methods each year. Here’s what they have to do to follow the REPS:
- Every year, the electricity companies have to send a report that shows they are following the REPS. This report should have information about how much electricity they got from renewable sources or energy-saving ways.
- They also need to show if they bought or used something called renewable energy certificates to meet the REPS.
- These companies have specific goals for how much of their electricity should come from renewable sources each year.
- The rules also talk about how renewable energy sources can be connected to the system, especially if they can produce a lot of electricity.
- If the companies don’t follow these rules, they might have to pay fines.
So, these companies have to stick to the REPS to make sure they’re using enough renewable energy and energy-saving methods.
Must Read: What is Renewable Energy Investment Tax Credit (REITC)?
