Rhode Island Renewable Energy Fund (RIREF)
Rhode Island Renewable Energy Fund
Rhode Island's Public Utilities Restructuring Act of 1996 created the nation's first public benefits fund (PBF) for renewable energy and demand-side management (DSM). The Rhode Island Renewable Energy Fund's (RIREF) renewable-energy component is administered by the Rhode Island Commerce Corporation (Commerce RI) formerly known as the Economic Development Corporation (RIEDC), and the fund's demand-side management (DSM) programs are administered by the state's electric and gas distribution companies, subject to review by the Rhode Island Public Utilities Commission (PUC).
Funding and Budget
CommerceRI’s Renewable Energy Fund (REF) is supported by a surcharge on electric and gas
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