Regulation, Utilities, Commercial, Industrial, Sourcing Renewables - September 21, 2017
Georgia Power offers renewables for C&I customers
As utilities continue to make moves to better serve their commercial and industrial customers, Southern Co. subsidiary Georgia Power on Sept. 19 announced a new program intended to help those customers meet their renewable energy goals.
The program is available to C&I customers under the Renewable Energy Development Initiative, or REDI, which was developed in coordination with and approved by the Georgia Public Service Commission in 2016. Through the voluntary program, participating customers will receive hourly credits matching actual production as well as the solar Renewable Energy Credits, or RECs, from up to 200 megawatts MW of renewable resources procured under REDI.
"We are focused on creating pioneering programs and services that meet the changing energy needs of our customers, including the increasing need for many commercial and industrial customers to meet sustainability goals," Wilson Mallard, director of renewable development at Georgia Power said in a news release announcing the initiative. "This new program will provide a new renewable energy option for larger customers, while also benefitting all of our customers through further diversification of our state's generation mix."
Interested C&I customers are encouraged to subscribe to C&I REDI through a notice of intent application process that will close Sept. 25. C&I customers will sign a 10- to 30-year contract based on their preference. The hourly credits will be based on Georgia Power's actual hourly cost of incremental generation (avoided cost). To qualify, a customer must have an aggregate 2016 peak demand of 3 MW or greater (aggregated accounts must be under common ownership and control).