Renewable Energy Portfolio Standards

Renewable Energy Portfolio Standards (RPS) are regulations set by governments that require utilities or energy providers to obtain a certain percentage of their energy from renewable sources, like wind, solar, or hydroelectric power. The goal is to increase the use of clean energy, reduce reliance on fossil fuels, and combat climate change. Utilities must demonstrate compliance, often by purchasing renewable energy certificates or credits. RPS encourages investment in renewable energy technologies, promotes energy diversification, and aims to create a more sustainable energy future.