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Committee delays change to renewable portfolio standard, keeps issue in budget for further review
Summary
Committee discussion of House Bill 219, a proposed change to the state's renewable portfolio standard (RPS), focused on how lowering the RPS obligation would reduce both electricity rates and the state’s renewable energy fund receipts.
Committee discussion of House Bill 219, a proposed change to the state's renewable portfolio standard (RPS), focused on how lowering the RPS obligation would reduce both electricity rates and the state’s renewable energy fund receipts.
Sponsor Representative Michael Vose (Rockingham County) told the committee the bill would reduce the utility obligation to buy renewable energy certificates (RECs) from 220,000 to 70,000 class‑1 RECs per year. “So currently, the RPS calls for a utility obligation to buy…
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