Renewable Portfolio Standard

{
  "id": "MLC-T-ENV-023845",
  "term": "Renewable Portfolio Standard",
  "field": "Environment",
  "definition": "1. A renewable portfolio standard (RPS) requires electric utilities and other retail electricity providers to supply a specified minimum percentage (or absolute amount) of customer load with eligible sources of renewable electricity (e.g., 20 percent by 2015).\n\n2. The requirement that an electric power provider generate or purchase a specified percentage of the power it supplies/sells from renewable energy resources, and thereby guarantee a market for electricity generated from renewable energy resources.",
  "abbreviation": "RPS",
  "subject": "Climate change",
  "references": [
    "State and Regional Policy Tracking Definitions",
    "Green Power Markets Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/renewable-portfolio-standard/"
}