In renewable energy: a market-based policy that requires electricity suppliers to source an agreed portion of their energy supply from eligible RE resources [Section 4(ss), RE Act of 2008]
In renewable energy: a market-based policy that requires electric power industry participants, including suppliers, to source an agreed portion of their energy supply from eligible RE Resources [Section 3(vv), Rules and Regulations Implementing Republic Act No. 9513]
Note: Under the IRR, the term is written as “Renewable Portfolio Standards” only and “RE resources” is written as “RE Resources”. Also, “electricity suppliers” is changed to “electric power industry participants, including suppliers”.
In renewable energy, RPS: a market-based policy that requires the Mandated Participant to source a portion of their energy supply from Eligible RE Facilities [Section 5(x), DOE Department Circular No. DC2017-12-0015, RPS Rules for On-Grid Areas]