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Nevada Energy Portfolio Standard

Date Last Updated8/15/2014
Policy TypePortfolio Standard
State/FederalNV
Policy Administrator/Contact OfficePublic Utilities Commission of Nevada
Policy Initiation Date6/15/2005
Policy SummaryNevada's Energy Portfolio Standard (EPS) includes renewably-fueled CHP and waste heat-to-power as eligible resources. The EPS requires the state's two investor-owned utilities, (Nevada Power and Sierra Pacific Power), to derive or save a portion of their electricity using renewable resources or efficiency measures. The target increases 3% every 2 years, reaching 20% in 2015 through 2019, 22% in 2020 through 2024, and 25% in 2025 and thereafter. The contribution from energy efficiency measures to meet the EPS is capped at 25% of the total standard in 2013 and 2014 and this percentage decreases every 5 years thereafter until 2025 when energy efficiency can no longer be used to help meet the standard. Efficiency measures include those installed after January 1, 2005, implemented at a retail customer's location, and those 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).

The EPS includes a Portfolio Energy Credit (PEC) trading program. PECs are valid for a period of 4 years. One PEC represents one kWh of electricity 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 multiplier is increased to 2.0.
CHP Eligibility RequirementsRenewably-fueled CHP systems and waste heat-to-power systems are eligible under the EPS.
Eligible Project Size (MW)There is no size limit on renewably-fueled CHP systems, but waste heat-to-power system must be <15 MW.
Minimum Efficiency Required/
Other Performance Requirements
Does Not Specify
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