SREC Markets: California

California

Note: SB 100, signed in September 2018, increased the overall requirement from 50% to 60% by 2030. The legislation also changed some of the rules related to the use of large hydro by Publicly Owned Municipal Utilities, and adopted an additional goal of 100% of all retail sales by 2045 come from renewable energy resources and zero-carbon resources.

California’s Renewables Portfolio Standard (RPS) was originally established by legislation enacted in 2002. Subsequent amendments to the law have resulted in a requirement for California’s electric utilities to have 50% of their retail sales derived from eligible renewable energy resources by 2030. 

Eligible Technologies

Technologies eligible for the RPS include photovoltaics; solar thermal electric; wind; certain biomass resources; geothermal electric; certain hydroelectric facilities*; ocean wave, thermal and tidal energy; fuel cells using renewable fuels; landfill gas; and municipal solid waste conversion, not the direct combustion of municipal solid waste. 

Tracking Registry: WREGIS

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