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Funding Resources
Funding Resources
| NV Energy Portfolio Standard | |
|---|---|
| Type of Incentive | Environmental Regulations |
| Eligible States | NV |
| Eligible Utility | Nevada Power,Sierra Power |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | Biogas, Biomass, Hydrogen, LFG, Municipal Solid Waste, Other |
| Eligible Project Size | less than 15 |
| Critical Information | Nevada's Energy Portfolio Standard (EPS) was initiated in 1997 and was expanded to include energy savings from efficiency measures in 2005. It requires the state's two investor-owned utilities, Nevada Power and Sierra Pacific Power, to derive or save a minimum percentage of the electricity they sell from renewable energy resources or energy efficiency measures. The EPS requirement is nine percent for 2007 and 2008, increasing three percent every two years to reach 20 percent in 2015 through 2019, 22 percent in 2020 through 2024, and 25 percent in 2025 and thereafter. The contribution from energy efficiency measures to meet the portfolio standard is capped at one-quarter of the total standard in any particular year. Eligible technologies include: solar, biomass, geothermal energy, wind, certain hydropower, waste tires (using microwave reduction), and certain energy efficiency measures. Efficiency measures include those installed after January 1, 2005, implemented at a retail customer's location, and that are partially or fully subsidized by the electric utility. The measure must also reduce the customer's energy demand (as opposed to shifting demand to off-peak hours). CHP systems are eligible under the EPS as a "qualified energy recovery process." Eligible CHP units must be 15 MW or less, and only "the heat from exhaust stacks or pipes used for engines or manufacturing or industrial processes" used to generate electricity is considered to be an eligible CHP process. Included in the standard is a Portfolio Energy Credit (PEC) trading program where Nevada's renewable energy producers may earn PECs and then sell the PECs to Nevada's utilities that are required to meet Nevada's portfolio standard. PECs are valid for a period of four years. One PEC represents one kilowatt-hour (kWh) of electricity generated, with the exception of photovoltaics, for which 2.4 PECs are credited for each kWh generated. In addition, the kWh saved by energy efficiency measures is multiplied by 1.05 to determine the number of PECs. For electricity saved during peak periods as a result of efficiency measures, the credit mulitplier is increased to 2.0. |
| Start Date | 6/15/2005 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information | In order to participate in the PEC program, owners of renewable energy systems must contact the Public Utilities Commission of Nevada (PUCN) to register their system. A simple application form is available on the PUCN Web site. |
| Web Site |
http://pucweb1.state.nv.us/PUCN/RenewableEnergy.aspx?AspxAutoDetectCookieSupport=1 |
| Additional Web Site |
http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=NV01R&state=NV&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact |
Mark Harris 1150 E. William Street Carson City, NV 89701 U.S.A. Mark Harris (mpharris@puc.state.nv.us) (775) 684-6165 (775) 684-6120 |