The experience and revelation from renewable portfolio standard in Texas for China

As the energy supply situation becomes aggravating, the efficient mandatory policy has always being sought by Chinese government to promote renewable energy development rapidly and sustainably. This paper firstly introduces the details of the renewable portfolio standard designed in Texas, and analyzes the successful experience of the policy implementation. Then, based on the analysis and the Chinese current development situation of the renewable energy, some suggestions for the implementation of the renewable portfolio standard in China are presented, which include: the quota should be imposed on the grid companies; the setting of quota could be based on the proportion of the generating capacity of the renewable energy from the total generating capacity; a perfect market for the renewable energy certificates should be established with referring to the operation mode of Texas. These suggestions could have the reference for the implement of the renewable portfolio standard in China.