Renewable and Efficiency Portfolio Standard

A renewable and efficiency portfolio standard (REPS) requires electric utilities to meet specified energy savings and renewable energy goals.

Twenty-nine states have passed clean energy portfolio standards – a key feature of the bill — including Ohio, West Virginia, Missouri and Illinois. Since passing one in 2008, Ohio has seen tremendous job growth, including 700 solar panel manufacturing jobs announced this year. With better policy in place, Kentucky could attract its own share of wind and solar manufacturing jobs, aiding a state sector that has shrunk in employment by more than 30% in the last decade.

Clean Energy Opportunity Act Goals -

Energy Savings Goal:

10.25% of annual cumulative retail sales will be achieved through consumer demand reduction programs, with a portion of savings achieved directly from efficiency improvements in low-income households.

Renewable Energy Goal:

12.5% of retail sales will be provided from renewable sources - solar, geothermal, wind, low-impact biomass, hydro-power, landfill gas, anaerobic digestion and the renewable portion of co-generation – with a specified portion achieved by solar energy only. 

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