DELAWARE – A bill that would lower Delaware’s Renewable Portfolio Standard has been introduced in the state’s House.
House Bill 80 was introduced after Delmarva Power was unable to purchase enough Renewable Energy Credits to comply with Delaware’s Renewable Portfolio Standard.
According to State Senator Eric Buckson, as a result, Delmarva Power and their ratepayers have paid a $26 million Alternative Compliance Price over the past two years.
To combat the mandate, House Bill 80 would lower the Renewable Portfolio Standard from 25% down to 10% and would fix that number for the next 10 years.
Sen. Buckson said without legislative action, the Renewable Portfolio Standard will increase annually until it reaches 40% in 2035.
“In the last few months, Delawareans have been dealing with very high electricity prices and we believe one of those reasons has to do with, it’s not the only reason, it’s one of the…
