in News Departments > FYI
print the content item

The Pennsylvania Public Utility Commission (PUC) has approved natural gas and electric utility PECO's proposal to begin to purchase renewable energy credits (RECs) in fulfillment of Pennsylvania's Alternative Energy Portfolio Standards (AEPS) legislation.

The AEPS legislation requires that, by 2011, 3.5% of the energy consumed by PECO customers is provided through renewable resources, such as wind, methane gas and biomass.

The legislation further requires a .05% annual increase in renewable requirements, ensuring that by 2020, renewable resources will make up a total of 8% of the energy consumed. By 2020, the company estimates that as much as 3.3 million MWh of renewable resources could be needed to meet the requirement.

PECO will meet the initial requirement by purchasing the equivalent of 240 MW of RECs for five years.



Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
Canwea_id1984