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:Energy Sector>Electricity Generation>Renewable
Agency:Prince Edward Island
Legal References:
Penalty:Chapter R-12.1

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