Renewable Energy Standard definition

Renewable Energy Standard means the minimum renewable energy capacity portfolio, if applicable, and the renewable energy credit portfolio required to be achieved under section 28 or former section 27.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Renewable Energy Standard or “RES” means the Renewable Energy Standard adopted by the State in the CES Order.

Renewable Energy Standard means the requirements established pursuant to R.I.G.L. § 39-26-1 et seq. and the regulations promulgated thereunder that requires all retail electricity sellers in Rhode Island (except Block Island Power Company and Pascoag Utility District) to provide a minimum percentage of electricity from eligible renewable energy resources, and such successor laws and regulations as may be in effect from time to time.

Examples of Renewable Energy Standard in a sentence

• Subject to Section 4.7(b), the Facility shall be a Distributed Generation Facility, qualified by the PUC as a Newly Developed Renewable Energy Resource eligible to participate in the Renewable Energy Standard program under R.I.G.L. § 39-26-1 et seq.

• The Parties agree and acknowledge that the Fixed Price set forth below includes Tier 1 REC purchases at a rate of $0.0030/kWh in anticipation of compliance obligations under the Clean Energy Standard (CES) Tier 1 Renewable Energy Standard.

• In the event that the CCFE Index Price is no longer published, the Parties shall in good faith undertake commercially reasonable efforts to agree on a substitute index that reflects the market value of the RECs. Should such a substitute index not be available or if the Parties are unable to agree upon such a substitute index, the RECs will be valued at the “Alternative Compliance Payment Rate” for the Renewable Energy Standard published by the PUC for the applicable billing period.

• IDTE’s Basic Renewable Energy Product, is a renewably sourced product that has a renewable mix that is at least 50% greater than the Renewable Energy Standard obligation for load-serving entities in any given compliance year under the New York Public Service Commission’s Clean Energy Standard.

• Customer, upon receipt of payment by the Company for the Performance Based Incentive, assigns by operation of this Agreement all resultant associated environmental credits, specifically including those created under the Arizona Corporation Commission’s Renewable Energy Standard and Tariff (REST) program (the “Renewable Energy Credits”).

More Definitions of Renewable Energy Standard

Renewable Energy Standard means a United States Federal law or a State law that is legally applicable to TVA and requires TVA to achieve a percentage of its annual electric power sales to end-use customers through production or purchase of specified renewable energy sources and/or through the acquisition of RECs or payment of an Alternative Compliance Payment.

Renewable Energy Standard means the electric resource standard for eligible energy resources specified in § 40-2-124, C.R.S.

Renewable Energy Standard means the requirements established pursuant to

Renewable Energy Standard or “RES” means an Applicable Law that requires TVA, LPC or other distributors of TVA power to achieve a percentage of annual electric power sales through production or purchase of specified renewable energy sources and/or through the acquisition of RECs or payment in lieu of the acquisition of RECs.

Renewable Energy Standard means the requirements established pursuant to R.I.G.L. § 39-26-1 et seq. that requires all retail electricity Sellers in Rhode Island (except Block Island Power Company and Pascoag Utility District) to provide a minimum percentage of electricity from eligible renewable energy resources, and such successor laws and regulations as may be in effect from time to time.

Renewable Energy Standard or “RES” means the Renewable Energy Standard adopted by the State in the CES Order or as subsequently adopted in statute.

Renewable Energy Standard means the Renewable Energy Standard adopted by the State as may be amended from time to time.