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Schedule Renewable
Energy Credits
Optional Renewal
Energy Rider to LP, IPS and EDR-4
Availability
This rider is
available to consumers who meet
the requirements of the LP, IPS
and EDR-4 Schedules greater than
50 KW. This rate is for the
option to purchase Renewable
Energy Credits (REC) for
commercial and industrial (C&I)
customers, as a number of
businesses have expressed an
interest in the availability of
renewable energy or Green Power.
RECs will be offered in blocks of
1,000 kWh per month and
commitments to purchase must be
made for the calendar year,
beginning January 1. Bartholomew
County REMC reserves the right to
limit the total number of
participants under this rider when
its renewable sources have been
sold or reserved.
Renewable
Resources
Renewable Energy Credits
(or RECs) will be purchased and retired on behalf of consumers who choose to
purchase the product. Buyers will be provided with documentation from a
certification firm confirming that RECs are from a renewable resource and
information about the location and type of the renewable resources that
support acquired RECs. Effort will be made to purchase certified RECs from
Indiana resources but credits may be sourced from out-of-state locations.
Commitments for the coming year’s participation in the program must be
received and agreements executed by October 1 of the current year. The
Renewable Energy Credits are a “take or pay” contract, as the contracted
amount of RECs will be billed and payable each month, whether consumed or
not.
Contributions to Qualified Environmental Programs
The cooperative will donate the net revenues generated
by application of this rider to the qualified organizations. These
organizations must engage in:
a. research and development of renewable resources,
b. environmental education, or
c. other activities or programs for which the purpose is
consistent with protecting the environment.
These organizations may be local or national, but must be not-for-profit.
Preference shall be given to qualified organizations who are either located
within the cooperative’s service territory or whose activities directly
benefit the cooperative’s locale. The cooperative shall assign
responsibility for approving qualified organizations and distributing the
net proceeds of this rider to an advisory board that includes at least one
consumer of the cooperative.
The
cooperative may retain up to twenty-five percent of the revenues generated
by application of this rider to recover the cost of developing,
implementing, administering and promoting the renewable energy program.
Each calendar year, the cooperative shall prepare a report summarizing the
total proceeds of the optional renewal energy rider and the disposition of
those net proceeds.
Rate
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Each block
(in blocks of
1,000 kWh) |
@ $19.00
per 1,000 kWh |
Terms of Agreement
Consumers will enter into
a yearly agreement with Bartholomew County REMC for the number of REC blocks
of 1,000 kWh purchased per month, beginning January 1. This agreement is a
requirement of participation in the program. The agreement must be executed
by October 1 of the current year for participation in the coming year’s
program. Consumers may purchase up to 100% of their expected yearly needs,
with a minimum participation level of 1,000 kWh per month. The additional
price of the REC blocks will be in addition to the current energy costs
pursuant to each individual Rate Schedule. Prices and purchase commitments
are subject to change on an annual basis. Consumers who opt to purchase in
one calendar year are not obligated in any future calendar years, and may
change purchase quantities on an annual basis.
Terms of
Payment
This rider
is subject to payment options and terms of payment as set forth on the
concurrent rate Schedules “IPS”, “LP” and “EDR-4” that qualifies the
consumer for service under this rider.
Other Terms and Conditions
Except as stated in this
rider, all terms and conditions of service as set for the concurrent rate
that qualified the consumer for the renewable energy program shall apply to
service provided under this rider.
*
The additional charge for
renewable energy kilowatt hours is
charged in blocks of 1,000
kilowatt hours at the rate of
$19.00/ 1,000 kilowatt hours.
(i.e., if 5,500 kilowatt hours are
used by that consumer that month
and only 5 blocks were purchased,
then 5,000 kilowatt hours will be
charged at the additional block
rate, and the additional 500
kilowatt hours will have no
additional charge above normal
energy rate.)
Approved March 1, 2010 by the board of directors for effective date
April 1, 2010.
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Related Links:
Rate Schedules:
:
Residential & Farm Service
Optional Renewal Energy
Rider
Commercial & Small Power Service
Large Power Service
:
Off Peak Service Rider
:
Industrial Power
Service
Economic Development Rate No. 4
Renewable Energy Credit Rider to LP,
IPS and EDR-4
:
Outdoor Security Lighting Service
:
Public Service Lighting Service
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