DE SB33

Extends Delaware's Renewable Energy Portfolio Standards schedule through 2035, increasing the minimum percentage of electricity from eligible renewable energy resources from 25% in 2025 to 40% by 2035

Increases the minimum cumulative percentage from solar photovoltaics from 3.5% in 2025 to 10% by 2035

Replaces the existing cost-cap mechanism for freezing RPS requirements with a market-based mechanism tied to alternative compliance payments, where the schedule freezes if 15% or more of renewable energy credit obligations are met through alternative compliance payments for 2 consecutive years

Reduces the Solar Alternative Compliance Payment from $400 to $150 per megawatt-hour and sets the standard alternative compliance payment at $25 per megawatt-hour for non-solar renewable energy deficiencies

Removes several previous provisions allowing the State Energy Coordinator to freeze renewable portfolio requirements based on compliance costs exceeding specified thresholds (1% for solar, 3% for total eligible energy resources)