How does energy law ensure the fair distribution of energy resources?

Energy law helps ensure that energy resources are distributed fairly by promoting the conservation and efficient use of energy, imposing pricing regulations, and providing incentives for renewable energy production. In the state of North Carolina, the Energy Policy Act of 2005 was enacted to provide incentives for energy conservation and the development of renewable energy sources. It encourages electric companies to provide programs and services that help customers conserve energy, such as energy audits and energy-efficient product rebates. Additionally, the act contains pricing regulations that promote the development of competitive markets for electric and gas services statewide. It also establishes public policies that provide incentives for renewable energy sources such as solar, wind, and hydropower. The North Carolina Renewable Energy and Energy Efficiency Portfolio Standard requires electric companies to generate or purchase a certain amount of renewable energy each year. This helps to promote renewable energy development and ensure that energy resources are distributed fairly across the state. In addition, the Public Utility Regulatory Policies Act of 1978 encourages the development of small-scale renewable energy systems, such as solar panels and wind turbines. Energy law helps ensure that energy resources are fairly distributed by promoting conservation, regulation, and the development of renewable energy sources. By requiring electric companies to generate or purchase a certain amount of renewable energy each year, energy law helps ensure that all citizens of the state have access to clean, sustainable energy.

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