|Year:||2016 (Feb 27th)|
|Policy status:||In Force|
|Date Effective:||2016 (Feb 27th)|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums, Economic Instruments>Fiscal/financial incentives>User charges, Regulatory Instruments>Obligation schemes|
|Policy Target:||Multiple RE Sources|
|Policy Sector:||Electricity, Framework Policy, Multi-sectoral Policy|
|Agency:||Prince Edward Island|
The Renewable Energy Act requires utilities to acquire at least 15% of electrical energy from renewable sources by 2010 (Renewable Portfolio Standard). The province has achieved this target.
Currently about 25% of PEI’s electricity consumption is sourced from on-island wind farms.
The Renewable Energy Act also established minimum purchase price utilities must pay for power produced by large-scale renewable energy generators and makes it economically feasible for Island homeowners, small businesses or farmers who have an interest in generating their own electricity to install small-scale generating systems through net-metering.
Last modified: Tue, 09 May 2017 17:01:06 CEST