Renewable Portfolio Standard

Virginia mandates that Phase I and Phase II Utilities generate a certain portion of their annual electricity sales from renewable energy sources. The required percentage increases gradually over time, with the percentage for Phase I Utilities increasing from 6% in 2021 to 100% by 2050 and the percentage for Phase II Utilities increasing from 14% in 2021 to 100% in 2045. Utilities may apply Renewable Energy Certificates (RECs) to meet the requirements through 2024, however, the RECs may not be generated by biomass-based facilities outside of Virginia. Starting in 2025, only renewable energy sources in Virginia or the PJM Interconnection, LLC region may be used to satisfy this standard.