Under a five-year agreement with Iberdrola Renewables, Just Energy has announced that it will purchase renewable energy certificates (RECs) sourced from a variety of wind farms in New York state.
Just Energy has also announced a financial swap arrangement with Iberdrola Renewables that will further enable Just Energy to provide fixed-price electricity programs to customers for terms of up to five years. This transaction locks in price stability for Just Energy's power offerings through a financial swap for energy with Iberdrola Renewables.
The New York wind RECs and the transaction are exclusive to the physical energy from the wind facilities. The entire agreement enables Just Energy to provide an option for consumers to support wind energy.
SOURCE: Just Energy