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Large business corporations, apart from being difficult to manage, can also be huge investments, which is not something that all of us can afford. Under these circumstances, it is no surprise that there are several small and medium business enterprises entering the business arena. Akin to large corporations, SMEs also have various information technology needs, which often require hiring an external service provider to handle them. Following are some ways in which IT solutions and support services are important for SMEs:
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The Renewable Portfolio Standard (also known as a “Renewable Electricity Standard” and in the U.K., a “Renewables Obligation”) is a set of legislative rules and regulations that require utility companies to produce a certain percentage of its electricity from renewable sources. Currently, the Renewable Portfolio Standard is employed in five E.U. countries (Belgium, Italy, Poland, Sweden and the U.K.), Chile, and thirty American states and the District of Columbia.
In the U.S., commercial electric energy produced under the Renewable Portfolio Standard currently accounts for forty-two percent of the electricity sold to ratepayers.
Under the Renewable Portfolio Standard, commercial electrical energy qualify if it is produced from solar, wind, geothermal or biomass. This is almost purely a market-driven system. It differs from feed-in tariffs such as are employed in Germany and under consideration in the state of California in that whereas feed-in tariffs guarantee the purchase of all electrical energy regardless of cost, the Renewable Portfolio Standard relies on market competition with fossil fuels in order to drive down the cost of renewable energy. However, times when the Renewable Portfolio Standard has had the greatest success are those in which they have been employed in conjunction with federal Production Tax Credits. When these tax credits are not available, the standard by itself has failed to produce the desired result. In fact, the Edison Electric Institute, which represents investor-owned utilities in the U.S., has spoken out against the Renewable Portfolio Standard, predicting skyrocketing rates and unequal distribution from one region of the country to another. Read more...
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