Public Service Company of Colorado Meets Renewable Energy Standard for 2021

Strategic Insights -

The Colorado Public Utilities Commission has issued a decision confirming that Public Service Company of Colorado (Public Service) has met the state's Renewable Energy Standard (RES) requirements for 2021. The Commission found that Public Service complied with the RES by generating 30 percent of its retail electric sales from eligible energy resources, including renewable distributed generation (DG) resources. The company's retail sales for 2021 were 28,927,119 MWh, and the RES requirement amounts to 8,678,136 MWh. Public Service demonstrated compliance through the retirement of renewable energy credits (RECs), which correspond to 1 MWh of electricity generated from an eligible energy resource.

Key Takeaways:

  • Public Service Company of Colorado has met the state's Renewable Energy Standard (RES) requirements for 2021.
  • The company generated 30 percent of its retail electric sales from eligible energy resources, including renewable distributed generation (DG) resources.
  • Public Service demonstrated compliance through the retirement of renewable energy credits (RECs), which correspond to 1 MWh of electricity generated from an eligible energy resource.
  • The company must carry forward 1,045,540 Retail DG RECs, 1,553,537 Wholesale DG RECs, and 23,456,055 non-DG RECs to meet RES requirements in future years or for any other legal purpose.
  • The Commission found that Public Service met all aspects of the RES for the 2021 compliance year, and no hearing is necessary.

Statistics:

  • 28,927,119 MWh: Public Service's retail sales for 2021.
  • 8,678,136 MWh: RES requirement amounts to 30 percent of Public Service's retail electric sales for 2021.
  • 1,045,540 Retail DG RECs: Renewable energy credits carried forward from 2021 to meet RES requirements in future years.
  • 1,553,537 Wholesale DG RECs: Renewable energy credits carried forward from 2021 to meet RES requirements in future years.
  • 23,456,055 non-DG RECs: Renewable energy credits carried forward from 2021 to meet RES requirements in future years.

Sources:

  • Colorado Public Utilities Commission, Decision No. C22-0648, Proceeding No. 19A-0369E (Oct. 25, 2022).
  • Code of Colorado Regulations (CCR) 723-3-3650, et seq.
  • Rule 3662 of the Commission's Renewable Energy Standard (RES) Rules, CCR 723-3-3650, et seq.