TeachMeFinance.com - explain Public Utility Regulatory PoliciesAct (PURPA) of 1978
Public Utility Regulatory PoliciesAct (PURPA) of 1978 The term 'Public Utility Regulatory PoliciesAct (PURPA) of 1978' as it applies to the area of energy can be defined as ' One part of the National Energy Act, PURPA contains measures designed to encourage the conservation of energy, more efficient use of resources, and equitable rates. Principal among these were suggested retail rate reforms and new incentives for production of electricity by cogenerators and users of renewable resources. The Commission has primary authority for implementing several key PURPA programs'.
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