Renewable Portfolio Standards (RPS)

Renewable Portfolio Standards (RPS) are regulations that require energy suppliers to obtain a certain percentage of their energy from renewable sources, like wind, solar, and hydroelectric power. The goal of RPS is to promote clean energy, reduce greenhouse gas emissions, and encourage the development of renewable technologies. By mandating that a specific portion of energy comes from renewables, RPS helps to diversify energy sources, enhance energy security, and support environmental sustainability while aiming to lower reliance on fossil fuels.