Senate Bill 74
143rd General Assembly (2005 - 2006)
Bill Progress
Signed 7/21/05
The General Assembly has ended, the current status is the final status.
Bill Details
4/13/05
AN ACT TO AMEND TITLE 26 OF THE DELAWARE CODE RELATING TO RENEWABLE ENERGY PORTFOLIO STANDARDS.
This Act establishes Renewable Energy Portfolio Standards for electricity suppliers in the State of Delaware so that those suppliers, their consumers, and the public at large might realize the benefits of electricity produced from renewable energy resources. These benefits include: increased electric supply diversity, increased protection against price volatility and supply disruption, improved transmission and distribution performance, new economic development opportunities, improved regional and local air quality, and improved public health.
The Renewable Energy Portfolio Standards established in this Act require electricity suppliers to supply a percentage of their total annual electricity sales in the State from renewable energy resources. This percentage incrementally increases from 1% in 2007 to 10% by 2019. Eligible renewable energy resources include solar electric power, wind energy, geothermal energy, ocean energy, fuel cells, small hydropower, landfill gas and sustainable biomass.
This Act also establishes a market-based renewable energy credit trading system to allow electric suppliers compliance flexibility by encouraging the regional exchange of electricity from renewable sources. This Act also establishes an alternative compliance payment based on a per kilowatt-hour fee.
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Takes effect upon being signed into law
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Session Laws
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