They are approved by state public utility commissions and allow for larger commercial and industrial customers to buy bundled renewable electricity from a specific project/developer through a special utility tariff rate.
Green tariffs are programs in regulated electricity markets offered by utilities that allow large commercial and industrial customers to buy bundled renewable electricity from a specific project through a special utility tariff rate. That begs the question: What exactly are green tariffs? In this article, we’ll explain what they are, how they can help companies and businesses who use them, and how EnergyWatch can assist. As a result, many more energy suppliers now offer green tariffs. As global temperatures continue to warm, ‘green’ or renewable energy tariffs are becoming increasingly popular with large companies who want to lessen their footprint and show clients and investors they care about the fate of the world. Utility green tariffs expand the opportunity for organizations in traditionally-regulated states to buy bundled green power beyond utility green power products and unbundled RECs. The provision allows building owners to buy renewable energy credits (RECs) from wind and solar plants upstate. Recently, we reported that New York Governor Cuomo’s latest budget proposal includes a provision that would override a portion of the city’s Local Law 97 (LL97). In addition, they provide: A new way for large electricity customers to meet their sustainability and renewable energy goals price predictability and potential cost savings on electricity and the ability to point to a specific, often local, renewable energy project as the source of your electricity. Green tariffs increase companies’ ability to access green power.
Green tariff programs tend to vary in the way the utility procures green power for your company.
With green tariffs, utilities supply your company with up to 100 percent renewable power from either projects that they own or independent power producers in the region. Green tariffs are programs in regulated electricity markets offered by utilities that allow large commercial and industrial customers to buy bundled renewable electricity from a specific project through a special utility tariff rate.
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