Rhode Island Code of Regulations › Title 810 - Public Utilities Commission › Chapter 40 - Electric › Subchapter 05 - Renewable › Part 2 - Implementation of a Renewable Energy Standard › Section 810-RICR-40-05-2.4 - Renewable Energy Standard

Current through June 14, 2024
A. Starting in
				  Compliance Year 2007, all Obligated Entities shall obtain, from Eligible
				  Renewable Energy Resources, a target percentage of at least three percent (3%)
				  of electricity sold by an Obligated Entity at retail to Rhode Island End-use
				  Customers, inclusive of losses. For the purposes of this Section, electricity
				  sold by an Obligated Entity at retail to Rhode Island End-use Customers shall
				  equal the sum of the Load Obligations for each Load Asset in the New England
				  Markets that represents the electricity sold by an Obligated Entity at retail
				  to Rhode Island End-use Customers. The target percentage in 2021 is at least
				  seventeen and one-half percent (17.5%). In each subsequent Compliance Year, the
				  target percentage shall increase according to the table in §
										2.4(C)   of
				  this Part below, except as provided in §
										2.4(D)   of this Part.
B. For each Obligated Entity and in each
				  Compliance Year, the amount of retail electricity sales used to meet this
				  obligation that is derived from Existing Renewable Energy Resources shall not
				  exceed two percent (2%) of total retail electricity sales.
C. Target Table
Compliance Year
Total Target
								  Percentage
Percentage from New Renewable Energy
								  Resources
Percentage from either New or Existing
								  Renewable Energy Resources
2007
3.0%
1.0%
2.0%
2008
3.5%
1.5%
2.0%
2009
4.0%
2.0%
2.0%
2010
4.5%
2.5%
2.0%
2011
5.5%
3.5%
2.0%
2012
6.5%
4.5%
2.0%
2013
7.5%
5.5%
2.0%
2014
8.5%
6.5%
2.0%
2015
10.0%
8.0%
2.0%
2016
11.5%
9.5%
2.0%
2017
13.0%
11.0%
2.0%
2018
14.5%
12.5%
2.0%
2019
14.5%
12.5%
2.0%
2020
16.0%
14.0%
2.0%
2021
17.5%
15.0%
2.0%
2022
19.0%
17.0%
2.0%
2023
23.0%
21.0%
2.0%
2024
28.0%
26.0%
2.0%
2025
34.0%
32.0%
2.0%
2026
41.0%
39.0%
2.0%
2027
48.0%
46.0%
2.0%
2028
55.5%
53.5%
2.0%
2029
63.5%
61.5%
2.0%
2030
72.0%
70.0%
2.0%
2031
81.0%
79.0%
2.0%
2032
90.5%
88.5%
2.0%
2033 and each year thereafter
100.0%
98.0%
2.0%
D.
				  Notwithstanding the foregoing, nonregulated power producers engaged in the
				  retail sale of electricity pursuant to a supply contract that was executed
				  prior to July 1, 2022, shall be required to obtain, from Eligible Renewable
				  Energy Resources, a target percentage of at least nineteen percent (19.0%) of
				  electricity sold by an Obligated Entity at retail to Rhode Island End-use
				  Customers, inclusive of losses in compliance year 2022, and an additional one
				  and one-half percent (1.5%) applicable to the load covered by the supply
				  contract for the period covered by the supply contract in each subsequent
				  compliance year until the end date of the term of the supply
				  contract.
E. If an Obligated Entity
				  represents to a customer that the Obligated Entity is selling to the customer
				  an Electrical Energy Product that includes more than the amount of Eligible
				  Renewable Energy Resources required under these regulations, the Eligible
				  Renewable Energy Resources necessary to supply more than the minimum required
				  under these regulations of that customer's load may not be applied to meet the
				  aggregate requirements of the Renewable Energy Standard.
F. Notwithstanding the foregoing,
				  municipalities engaged in aggregation pursuant to R.I. Gen. Laws §
										39-3-1.2 may include in their aggregation plans terms that would allow
				  voluntary renewable energy products to be counted toward meeting such
				  percentages.