Renewable Energy Certificates (RECs) enable individuals and organizations to channel funds to green power projects, mitigating the environmental impact of their energy use.
A Renewable Energy Certificate (REC) is created for each megawatt-hour (1 MWh, or 1000 kilowatt-hours) of renewable electricity generated and delivered to the grid. Purchasers of RECs provide renewable energy project owners with a revenue stream that supplements the revenue they secure from the sale of the project’s electricity. These additional revenues improve renewable energy project economics, increasing their competitiveness with fossil fuels like coal and natural gas.
Customers who choose to participate in the program can select from a variety of contribution options, regardless of their billed monthly energy usage. The cost for each Renewable Energy Certificate (REC) will be in addition to the customer’s normal monthly electric bill. HEC will purchase Green-e Certified Renewable Energy Certificates from 3Degrees Group, Inc. on the participating customer’s behalf in the amount specified. RECs purchased through this program will come from Wind and Biomass sources located within the PJM power pool which operates the power grid in our region.
When you enroll, your monthly electricity bill will display a separate line item with the additional charge for HEC Renewable Energy Certificate. HEC does not make a profit on Renewable Energy Certificates (RECs). You can choose to add as much as you want per month ($2, $4, $6, $8 or other). Every $6.50 contributed to this program will add a 1000 kWh block of Renewable Energy to the grid.
Simply fill out the form on this page or please feel free to contact us at 540-434-5361 to speak to someone personally about the program.
For more information, please visit 3Degrees, www.wisegeek.com/what-are-renewable-energy-credits.htm or http://www.epa.gov/greenpower/