This term is connected to the Renewable Energy and Energy Efficiency Portfolio Standard (REPS) in North Carolina. It’s a monthly charge that changes each year and applies to the company’s retail customers. Even rural electric cooperatives and municipal electric suppliers need to meet a 10% REPS requirement.
What is Purpose of REPS Rider?
It is a monthly fee that changes every year and is added to the bills of the Company’s retail customers. Its purpose is to help fund the growth of renewable energy and energy efficiency projects in North Carolina.
What is the Difference Between REPS Rider and REPS Monthly Charge?
The difference between REPS-Rider and REPS monthly charge is as follows:
1. REPS Rider
It is an additional charge added to the energy cost for each kilowatt-hour (kWh) used. It appears as a separate item on the monthly bill and is intended to support the development of renewable energy and energy efficiency projects in North Carolina. This charge applies to retail customer agreements and might also apply to rural electric cooperatives and municipal electric suppliers.
2. REPS Monthly Charge
The REPS Monthly Charge is a part of North Carolina’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS). It is a monthly fee but is not relevant to outdoor agreements.
Also See: What is Renewable Energy Target?
