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Industry group urges indexed REC model, supports RPS procurements with consumer safeguards
6548377 · October 16, 2025
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Summary
Renew Northeast told the Joint Committee the proposed procurement reforms to the Renewable Portfolio Standard should protect consumers and lower financing risk by using an indexed renewable energy credit model similar to New York's approach.
Nathan Rake, manager of state and local affairs at Renew Northeast, testified in support of provisions in the governor's affordability legislation that would reform procurements tied to the Renewable Portfolio Standard (RPS) and urged the committee to adopt an indexed renewable energy credit (REC) model.
Rake said procurements that bring…
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