REPS

House Bill 589, “Competitive Energy Solutions for NC,” would be a major restructuring of energy policy in North Carolina. Here is a brief look into select aspects of the…

RALEIGH – North Carolina electricity customers could soon be forced to pay as much as $125 million a year for electricity they’ll never use. A new John Locke Foundation…

The legislature passed a law, SB 3, which would require North Carolinians to pay for electricity used by out-of-state residents. SB 3, which is the new, hastily drafted energy bill, was touted as requiring utilities to provide at least 7.5% of their electricity from renewable resources. However, North Carolinians likely will not be the recipient of a significant amount of this electricity.

RALEIGH – New energy mandates could drive up North Carolina’s regionally high electricity rates, even though consumers have shown little interest in paying more for renewable energy sources. That’s the…

The Senate has passed a major electricity bill that includes something called a renewable energy and energy efficiency portfolio standard (REPS). The REPS consists of two separate requirements: A renewable portfolio standard that requires utilities to provide customers 7.5 percent of their electricity from renewable energy sources, such as wind and solar, and energy efficiency measures that require a 5 percent reduction in energy use.