The Public Utilities Commission of Ohio (PUCO) recently adopted a stipulation that establishes a green pricing option for American Electric Power Ohio (AEP-Ohio) customers. The option would enable the company's customers to participate in a voluntary, market-based alternative to AEP-Ohio's standard service offer.
The green pricing option will be established through AEP-Ohio's purchase of renewable energy certificates (RECs) at prices determined through a national competitive bidding process. Only green resources in the region that have been brought into service on or after Jan. 1, 1997, will qualify for the green pricing option, the commission says.
‘We are pleased that AEP-Ohio customers will have the opportunity to invest in renewable energy resources through the purchase of green power,’ says Alan R. Schriber, PUCO's chair. ‘The green pricing option will also encourage innovation in the retail electric market.’
Customers that choose to participate in the green pricing option will be billed the same standard service rates and riders as nonparticipants – plus the green pricing option tariff rider price for each block of the green power purchased. Customers will have the ability to purchase the green option at any time through Dec. 31, 2008, PUCO adds.