Prince Edward Island Renewable Portfolio Standard

Country	Canada
Year Implemented	2006
Policy Status	In force
Agency	•Prince Edward Island Ministry of Environment, Energy and Forestry
Policy Type	•Regulatory Instruments   •Mandates   •Quota Systems   •Standards
Policy Target	•Multiple Renewable Energy Sources
Policy Sector	•Electricity
Description	A Renewable Portfolio Standard (RPS) requires electricity providers to obtain a minimum percentage of their electricity supply from eligible renewable energy sources by a certain date with the required percentage usually increasing over time. An RPS can be voluntary or mandatory. Mandatory RPSs can include penalties for non-compliance. Prince Edward Island has a legislated RPS, through a Renewable Energy Act, which requires public utilities to obtain 15 percent of their electricity generation from renewable energy sources starting on January 1, 2011. There is a minimum price guaranteed at CAD 0.0775/kWh. The size of the projects is limited at less than 100 kW for small projects, between more than 100 kW and less than 1 MW for medium-sized projects, and over 1 MW for large projects. The eligible electricity generating facilities must be new, i.e. commissioned after December 20, 2005, be grid-connected, and be located both in or out of the province, as compliance can be proven by purchasing Renewable Energy Certificates (RECs) from another jurisdiction. For non-compliance, Prince Edward Island RPS includes a fine of no more than CAD300,000 for the public utility and no more than CAD100,000 for the officer or director of a public utility; a penalty of CAD5,000 a day for delay in presenting the annual report of compliance is also stipulated in the Renewable Energy Act.
URL	www.gov.pe.ca/eef/index.php3?number=1001539&lang=E www.gov.pe.ca/law/statutes/pdf/R-12-1.pdf www.gov.pe.ca/law/regulations/pdf/R&12-1-1.pdf www.gov.pe.ca/law/regulations/pdf/R&12-1-2.pdf www.gov.pe.ca/law/regulations/pdf/R&12-1-3.pdf