Green Mountain Power Introduces New Renewable Rate
15 3월 2006 - 12:56AM
Business Wire
Green Mountain Power Corporation (NYSE:GMP) announced today that
its customers now have the choice of buying all or a portion of
their power from renewable resources. The Vermont Public Service
Board has given its final approval to the program, effective
immediately. "Our customers have expressed interest in being able
to choose renewable resources and I'm pleased that we will now be
able to offer them that choice. Green Mountain Power's overall
power mix is already low in fossil fuels, but under our new
program, customers can choose 100 percent renewable resources,"
said Chris Dutton, President and Chief Executive Officer of Green
Mountain Power. "We've called the program 'Greener Mountain Power'
to reflect that greener choice." Green Mountain Power will purchase
certified renewable resources on the New England power grid equal
to the portion of electricity customers designate to purchase
through Greener Mountain Power. The price of those resources will
be locked in for five years, which will help stabilize the Greener
Mountain Power rate. When Vermont projects are available, they will
receive a priority. Likely candidates for inclusion would include
wind, biomass and biogas. Green Mountain Power worked closely with
the Vermont Department of Public Service and Renewable Energy
Vermont in developing the program. David O'Brien, commissioner of
the Vermont Department of Public Service, said, "We are very
pleased that Green Mountain Power is implementing a "green" rate.
This is an ideal way to offer consumers a choice of what energy
sources they wish to support." Andrew Perchlik, executive director
of Renewable Energy Vermont, said, "We were pleased to work with
Green Mountain Power to develop this new renewable rate. We think
it is important that Green Mountain Power customers now have the
option of a 'green' rate to support renewable energy in Vermont and
New England." The program is available to residential, commercial
and industrial customers. Residential and small commercial
customers can choose to have 25 percent, 50 percent or 100 percent
of their power come from renewable resources. Large industrial
customers may choose a ten percent level, but greater amounts
require permission from the Company. Customers pay a premium for
the renewable resources of just over four cents per kilowatthour.
For residential customers using 750 kilowatthours a month, signing
up for 25 percent of their use under Greener Mountain Power would
add $7.88 to their $97.55 monthly bill, for a total of $105.43. Due
to the laws of physics, actual electrons flow to the nearest need
and cannot be directed to specific locations. Through Greener
Mountain Power, customers will be financially supporting qualifying
new renewable energy sources connected to the New England electric
grid but that power will not necessarily flow to their home.
Customers interested in signing up for Greener Mountain Power can
go to www.greenmountainpower.biz or call Green Mountain Power at
1-888-TEL-GMPC (1-888-835-4672.) Greener Mountain Power is a
five-year commitment, by calendar year. Customers may withdraw at
any time, but cannot sign up again until the end of the original
five-year period. Green Mountain Power Corporation
(www.greenmountainpower.biz) is a Vermont-based energy services
company serving 90,000 electric customers. For further information,
please contact Dorothy Schnure, Manager of Corporate
Communications, at 802-655-8418, David O'Brien, Commissioner of
Vermont Department of Public Service at (802) 828-2321, or Andrew
Perchlik, Executive Director of Renewable Energy Vermont at (802)
229-0099.
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