Appalachian Power Wants To Offer RECs

Posted by NAW Staff on July 07, 2008 No Comments
Categories : FYI

Roanoke, Va.-based Appalachian Power, a subsidiary of American Electric Power, has asked the Virginia State Corporation Commission (SCC) for permission to offer its Virginia customers voluntary pricing options to use and support renewable energy. The company hopes to offer the new options Sept. 1.

Under the program, customers may choose to support the use of renewable energy through the purchase of fixed blocks of 100 kWh monthly or to source their entire monthly usage through the purchase of an amount equivalent to their monthly energy consumption. Customers selecting a specific number of blocks will pay an additional $1.50 over their usual power costs for each 100 KWh block of renewable energy they choose to support.

‘This proposed rider is consistent with our previously filed plan to meet the goals of Virginia's renewable portfolio standard,’ says Dana Waldo, Appalachian Power president and chief operating officer. ‘It is also consistent with the company's long-term use of renewable hydropower and wind generation for our customers and our leadership role in support of new clean-coal technology.’

SOURCE: Appalachian Power

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