Electric Utilities have found value in having an electric portfolio with REC attributes in excess of requirements in order to facilitate electrification, as well as a tool to communicate with customers. 80% jump was significantly higher than 2020 - a portion of this increase related to replacement of nuclear power that is not fully expected to persist in 2022.
Renewable Energy Standard. In 2021, the RES required 59% of retail sales to be met by renewable energy, as evidenced by retirement of Renewable Energy Credits, which are attributes associated with generated electricity.
Data still being cleaned and finalized, subject to slight changes. Percent renewable reflects REC retirements- physical delivery of power (via contracts or ownership) reflects a lower amount of renewability. (~65-70%)