Portfolio Energy Credits (Nevada)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Nevada

Name Portfolio Energy Credits
Incentive Type Performance-Based Incentive
Applicable Sector Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, Utility, State Government, Tribal Government, Agricultural, Institutional
Eligible Technologies Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Municipal Solid Waste, Solar Pool Heating, Anaerobic Digestion, Biodiesel, Yes; specific technologies not identified
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Varies; higher value for solar PECs than other technologies







Start Date 2006-02-23

















Terms Owners of PV, wind, or hydro systems installed through NV Energy's RenewableGenerations (rebate) Program do not retain the PECs associated with their electricity generation, and thus are not eligible to trade certificates through this program.
Program Administrator Public Utilities Commission of Nevada
Website https://www.nvtrec.com
Date added to DSIRE 2003-10-29
Last DSIRE Review 2014-09-04



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Nevada's Energy Portfolio Standard requires NV Energy to derive or save a minimum percentage of the electricity it sells from renewable energy resources or energy efficiency measures. Included in the standard is a Portfolio Energy Credit (PEC) trading program.


Beginning January 1, 2003, Nevada's renewable energy producers can earn PECs, which can then be sold to utilities that are required to meet Nevada's portfolio standard. One PEC represents one kilowatt-hour (kWh) of electricity generated, with the exception of the multipliers described below.

Each kWh generated by a photovoltaic (PV) system installed on the premises of a retail customer will be credited with 2.4 PECs. This multiplier will end for new solar systems installed after December 31, 2015, but will continue for existing net metered solar PV systems. Customer-maintained distributed renewable energy systems receive a 0.05 adder for each kilowatt-hour generated. For example, a distributed PV system that is also customer-maintained would be credited 2.45 for each kilowatt-hour generated. Energy efficiency resources receive a multiplier of 1.05, and a multiplier of 2.0 if they save electricity during periods of peak utility load. Solar thermal energy systems are credited with 1 kilowatt-hour of electricity for each 3,412 British thermal units of heat generated. Finally, each kilowatt-hour of electricity generated by eligible waste tire facilities is credited at 0.7.

In order to participate, owners of renewable energy systems must contact the Public Utilities Commission of Nevada (PUCN) to register their system. A very simple application form is available on the PUCN web site. The value of a PEC is market-driven.


Owners of PV, wind, or hydro systems installed through NV Energy's RenewableGenerations (rebate) Program do not retain the PECs associated with their electricity generation, and thus are not eligible to trade certificates through this program.


Incentive Contact

Contact Name Darci Dalessio
Department Public Utilities Commission of Nevada
Division PEC Administrator


Place Carson City, Nevada
Zip/Postal Code 89701

Phone 2 (775) 684-6171

Email dalessio@puc.nv.gov
Website http://www.puc.nv.gov
Contact Name Mark Harris
Department Public Utilities Commission of Nevada
Division Engineering Division
Address 1150 E. William Street

Place Carson City, Nevada
Zip/Postal Code 89701
Phone (775) 684-6165


Email mpharris@puc.nv.gov
Website http://www.puc.nv.gov
     

Authorities (Please contact the if there are any file problems.)

Authority 1: NAC 704.8901 et seq.




Authority 2: LCB File R167-05 (Revised Regulations)
Date Effective 2006-02-23



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"