What is the primary goal of renewable portfolio standards?

The primary goal of renewable portfolio standards is to require utilities to obtain a certain percentage of their energy from renewable sources. This regulatory mandate aims to increase the share of renewable energy in the overall energy mix, promote the development of sustainable energy resources, and stimulate the market for clean energy technologies. By establishing specific targets for renewable energy adoption, these standards encourage utilities to invest in and integrate renewable energy sources, such as wind, solar, and hydroelectric power, into their operations. This not only helps in diversifying energy supply but also contributes to reducing reliance on fossil fuels and enhancing energy security.