Renewable Portfolio Standards

h5_08

An RPS is a regulation or incentive that promotes the use of alternative energy such as wind, solar, geothermal, or biomass. The RPS system forces electricity and utility companies to produce usually 20% of their energy from renewable energy sources. Not only do companies gain profit from the 20% switch, but customers are happier as well as the environment for a small shift in a brighter future.

The use of private market implementation ensures success and efficiency that produces energy as the lowest possible price that competes with cheaper fossil fuels. The United States still trails behind large countries like Britain, Italy, and even Belgium. With the annual extensions of PTC’s or production tax credits, the RPS system is more reliable because its mandated and obligated nature forced upon electric companies.

Not only would the fossil fuel market be allowed to stay afloat ensuring strong relations with huge importers such as Russia and Saudi Arabia, but our world is bound to last a bit longer and the satisfaction of a greener energy source in our homes makes us not feel as bad when we flick on that light switch. Finally, the light bulb has lit up, a new idea and new found transition backed with potential and support.

-Nicholas Chan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: