SREC Markets: Rhode Island

Rhode Island

Rhode Island’s Renewable Energy Standard (RES), established in June 2004, requires the state’s retail electricity providers — including non-regulated power producers and distribution companies — to supply 38.5% of their retail electricity sales from renewable resources by 2035. The requirement began at 3% by the end of 2007, and then increase of an additional 0.5% per year through 2010, an additional 1% per year from 2011 through 2014, and an additional 1.5% per year from 2015 through 2035. H.7413 enacted on June 2016 extended the RES to 2035, which was previously set to expire at the end of 2019.

Eligible technologies:
Eligible renewable resources include:

  • Direct solar radiation
  • Wind
  • Movement or the latent heat of the ocean
  • The earth’s heat
  • Hydroelectric facilities up to 30 megawatts (MW) in capacity
  • Biomass facilities using eligible biomass fuels and maintaining compliance with current air permits (eligible biomass fuels may be co-fired with fossil fuels, provided that only the renewable-energy portion of production from multi-fuel facilities will be considered eligible)
  • Fuel cells using renewable resource

Tracking Registry: NEPOOL-GIS

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