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Commonwealth of Massachusetts Executive Office of Energy and Environmental Affairs Department of Energy Resources RENEWABLE ENERGY PORTFOLIO STANDARD (RPS), CLASS I RPS CLASS I STATEMENT OF QUALIFICATION
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RPS Class I RPS stands for Renewable Portfolio Standard Class I Renewable Portfolio Standard. It is a program that requires certain electricity suppliers to obtain a percentage of their electricity sales from renewable energy sources.
Electricity suppliers who are subject to the Renewable Portfolio Standard Class I are required to file RPS Class I RPS reports.
To fill out RPS Class I RPS reports, electricity suppliers need to provide details of their electricity sales and the percentage of sales that come from renewable energy sources. This information is typically submitted online through a designated reporting system.
The purpose of RPS Class I RPS is to incentivize electricity suppliers to increase the amount of renewable energy in their electricity sales. It aims to promote the use of clean and sustainable energy sources and reduce reliance on fossil fuels.
Electricity suppliers filing RPS Class I RPS reports must provide information such as their total electricity sales, the percentage of sales derived from renewable energy sources, and any associated renewable energy certificates (RECs) or credits.
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