Section 810-RICR-40-05-2.4 - Renewable Energy StandardA. 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.810 R.I. Code R. 810-RICR-40-05-2.4
Amended effective 5/28/2024