Virginia Regulatory Town Hall
Agency
Department of Energy
 
Board
Department of Energy
 
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7/14/18  10:03 am
Commenter: Michael Fraser, self

Need for a Renewable Portfolio Standard (RPS) in Virginia
 

As part of the plan, I recommend establishing an RPS that increases over time.  For example, I suggest a goal of at least 15% coming from renewable sources by 2025, then it could increase to 25% by 2030 for example. Having such a goal sends a large signal to the market place about the stability of the investment environment and encourages private industry to invest more.  I have 4 systems installed (2 PV and 2 solar thermal) and am not able to sell my RECs in a Virginia market.  Even out of state markets, like PA and DC are closed now to out of state RECs.  Being able to sell RECs is a key part of investment decisions by homeowners and private investors as observed in other states that have RPSs established.  

 

 

 

 

CommentID: 65690