Tuesday, June 30, 2015

USA:

Hawaii and Vermont Set High Renewable Portfolio Standard Targets (EIA)

Two U.S. states recently passed legislation that would require significant increases in renewable electricity generation. On June 8, Hawaii updated legislation setting a 100% renewable portfolio standard (RPS) by 2045. On June 11, Vermont passed a bill creating a 75% RPS by 2032. Both of these RPS target percentages are higher than any other RPS target in the United States.

Renewable portfolio standards are state- or local-level policies that mandate all or certain types of electricity producers to supply a minimum share of their electricity from designated renewable resources. Twenty-nine states and the District of Columbia have RPS policies, and an additional eight states have nonbinding renewable portfolio goals.

Hawaii's previous RPS required 40% renewable energy by the end of 2030. The new policy, H.B. 623, includes interim requirements of 30% by the end of 2020, 40% by 2030, and 70% by 2040, ultimately reaching 100% renewable electricity by 2045. The state has met its annual RPS obligations to date, which for 2014 was 10% renewable energy. Largely because of its isolation, the bulk of Hawaii's electricity generation continues to be from petroleum.