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Designing the Right Renewable Portfolio Standard (RPS): A Guide to Selecting Goals and Program Options for an RPS

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Warren Leon
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A renewable portfolio standard (RPS) mandates that part of a state's electricity supply is sourced from renewable energies. By gradually increasing the percentage of renewables required, the state can help to promote the development of renewable energy sources. This report looks at issues of RPS program design and considers what goals should be set and what features will help to reach these goals in a cost-effective manner.