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Policy staff explains New Hampshire renewable portfolio standard: how RECs, classes and ACPs work
Summary
Josh Elliott of the Department of Energy gave a technical walkthrough of the state Renewable Portfolio Standard (RPS): how renewable energy certificates (RECs) are defined, class categories, compliance mechanics, the 2025 25.2% target, and the alternative compliance payment structure.
Josh Elliott, director of policy and programs at the New Hampshire Department of Energy, gave the committee a detailed explanation of the state Renewable Portfolio Standard, the system of renewable energy certificates (RECs) and how suppliers comply.
Elliott explained RECs are an accounting tool that separates the renewable attributes of generation from the physical electrons that flow on the grid. "A REC is equal to one megawatt hour of electricity production," he said, describing how RECs are minted and traded in a regional market and then retired for compliance. The statute divides REC supply into classes tied to…
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