Combined Heat and Power Partnership
Renewable Energy Resources Trust Fund
|Date Last Updated||8/1/2013|
|Policy Type||Public Benefits Fund|
|Policy Administrator/Contact Office||Illinois Department of Commerce and Economic Opportunity - Bureau of Energy and Recycling|
|Policy Initiation Date||12/16/1997|
|Policy Summary||llinois's 1997 electric-industry restructuring legislation created separate public benefits funds that support renewable energy and residential energy efficiency. The Renewable Energy Resources Trust Fund (RERTF) supports renewables through grants, loans and other incentives administered by the Illinois Department of Commerce and Economic Opportunity (DCEO). The funding mechanism was established for 10 years in January 1998. In August 2007, funding was extended through December 12, 2015.|
In 2013 the fund primarily supported wind and solar energy, but also included a small Biogas and Biomass to Energy Grant Program.
The RERTF is supported by a surcharge on customers' electric bills and gas bills known as the Renewable Energy Resource and Coal Technology Development Assistance Charge. Participation is required for investor-owned utilities, but voluntary for municipal utilities and electric cooperatives. Half of the money collected by the surcharges supports the RERTF, while the other half supports the Coal Technology Development Assistance Fund. The surcharge varies by customer class as follows:
The Illinois Clean Energy Community Foundation was established in December 1999 as an independent foundation with a $225 million endowment provided by Commonwealth Edison. Their mission is to improve energy efficiency, advance the development of renewable energy resources and protect natural areas in communities all across Illinois. It appears that renewables-fueled CHP and conventional CHP may potentially be eligible for funding.
Funding for CHP projects provided by these resources would be found under related dCHPP incentive types (e.g., loan, grant, or rebate).
|CHP Eligibility Requirements||Does Not Specify|
|Eligible Project Size (MW)||Does Not Specify|
|Minimum Efficiency Required/|
Other Performance Requirements
|Does Not Specify|