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Renewable Portfolio Standards
Market Overview
To date, as many as 29 States ( plus the District of Columbia and Puerto Rico ) have set mandatory renewable portfolio standards (RPS) or some form of non-mandated renewable energy goal. Many States allow affected sources to meet their RPS compliance requirements by purchasing renewable energy credits (RECs). In most cases, a REC represents the environmental attributes of 1 MWh of renewable energy generated by a particular source. State RPS rules and goals are diverse and can differ significantly from State to State.
The following States have enacted Renewable Energy mandates or goals:
| RPS mandates |
RPS Goals |
Arizona
California
Colorado
Connecticut
Delaware
Hawaii
Illinois
Iowa
Kansas
Maine
Maryland
Massachusetts
Michigan
Minnesota
Missouri
Montana
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
Ohio
Oregon
Pennsylvania
Rhode Island
Texas
Washington
Wisconsin
District of Columbia
Puerto Rico
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Indiana
North Dakota
Oklahoma
South Dakota
Utah
Vermont
Virginia
West Virginia
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