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Request Filed To Post Final Decision On Annual Review Of Connecticut Electric Suppliers’ And Electric Distribution Companies’ Compliance With 2023 RPS Standards
From Proposed Final Decision:
The Public Utilities Regulatory Authority (Authority or PURA) reviews and determines the electric suppliers’ and electric distribution companies’ (EDCs; collectively, Companies) compliance with Connecticut’s Renewable Portfolio Standard (RPS) in 2023.
In 2023, 37 Companies, including 35 electric suppliers and the two EDCs, were subject to the Connecticut RPS, serving aggregated load in Connecticut of approximately 24.6 million megawatt hours (MWh). Of the 37 Companies, 28 fulfilled the RPS requirements by procuring and properly settling the necessary amount of renewable energy certificates (RECs or certificates) for a given class, with 13 Companies fulfilling their full RPS requirements for all classes through RECs. The aggregate renewable source deficiency from the remaining Companies not meeting the requirements consisted of 565,460 Class I certificates, 154,148 Class II certificates, and 33,746 Class III certificates, resulting in the assessment of $27,518,226 in alternative compliance payments (ACP).
The Companies collectively banked 545,916 Class I certificates, 52,121 Class II certificates, and 74,839 Class III certificates, totaling 672,876 certificates banked in 2023. [ *** ]
Proposed Final Decision (01/13/2025)
24-06-01 (01/11/2024)
(Renewable Portfolio Standards)
(Annual Review Of Connecticut’s Electric Suppliers’ And Electric Distribution Companies’ Compliance With Connecticut’s Renewable Energy Portfolio Standards In The Year 2023)
