On Friday, August 20, the Massachusetts Department of Energy Resources (DOER) approved on final regulations for its renewable portfolio standard (RPS) pertaining to biomass energy development. The DOER made no significant changes from the proposed rule released in April. Guidelines are now set for fuel eligibility, overall efficiency, and greenhouse gas emissions analysis.
The new provisions provide clarity to biomass power producers regarding how they can participate under the State’s renewable portfolio standard. Biomass facilities are now able to generate Class I RECs, but only if they use specific eligible biomass fuel types.
More information on the final regulations is available in Evolution Markets’ most recent Executive Brief, which was published today.
If you have any questions regarding New England REC markets or to transact, please contact the Renewable Energy Markets desk at: +1 914.323.0257 or firstname.lastname@example.org.