Schedule Renewable Energy Credits
Optional Renewal Energy Rider to LP, IPS and EDR-4
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 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.
(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, 2018 by the board of directors for effective date April 1, 2018.