Renewable Portfolio Standard
/ˌriːn(j)uːəbl pɔːrtˈfoʊlioʊ ˈstændərd/
Definitions
- (n.) A regulatory mandate requiring that a specified percentage of electricity sold by utilities comes from renewable energy sources.
The state implemented a renewable portfolio standard to increase the use of solar and wind power.
Forms
- renewable portfolio standard
- renewable portfolio standards
Related terms
See also
Commentary
Typically established by statute or regulation, RPS programs vary by jurisdiction and may include specific targets and penalties for noncompliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.