Illinois’ Future Energy Jobs Act UpdateDownload
On December 7, 2016, Public Act 99-0906 was enacted into law, with an effective date of June 1, 2017. The Act calls for updates to Illinois’ Renewable Portfolio Standard, net metering, and energy efficiency standards, as well as a new zero emissions credits plan. See Chapman Insights, dated February 2, 2017, for additional detail regarding the Act.
Under the Act, the Illinois Power Agency is required to conduct an initial forward procurement (the “Initial Forward Procurement”) for renewable energy credits from utility-scale (greater than 2 MW) wind projects and solar projects. The Act then requires the IPA to develop a plan for follow-on REC procurements setting forth the rules for procuring RECs from other renewable energy sources, such as distributed generation and community solar.