GMP Seeks 25% Reduction in Renewable Energy Rate for Customers

first_imgGreen Mountain Power Corp,Green Mountain Power has filed a request with the Public Service Board to lower the premium its customers can choose to pay to support the development of renewable energy in Vermont. Currently, under the GreenerGMP program, customers can opt to pay four cents per kilowatt hour more than their normal rate to help GMP support renewable energy projects. The company is requesting the fee be lowered to three cents per kWh. GreenerGMP gives our customers a way to act on their own commitment to reducing greenhouse gas emissions. By making it less expensive for them to participate, we hope more customers will join us in supporting new renewable projects right here in Vermont, said GMP president and chief executive officer Mary Powell.Green Mountain Power supports renewable projects by purchasing the power and the Renewable Energy Credits they generate. Because the cost to buy RECs has dropped, we want our GreenerGMP rate to reflect that, Ms. Powell said.Funds generated by GreenerGMP are used to support the methane gas project at the Moretown Landfill and biomass at the McNeil plant. In addition, beginning this spring, funds will support a farm-based methane digester in Westminster, Vermont.Under the GreenerGMP program, the Company purchases certified renewable Vermont resources equal to 25%, 50%, 75% or 100% of a customer s electricity use as directed by the customer. Under the requested renewable energy rate of three cents per kWh, a residential customer with a $75 monthly bill would pay an additional $7.38 per month to have half his or her usage come from renewable energy.The Public Service Board is expected to make a decision on the request this spring.About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont s population. It serves more than 200,000 people and businesses.last_img

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