in News Departments > FYI
print the content item

Colorado-based La Plata Electric Association's (LPEA) board of directors has approved a price reduction for power supplied from renewable resources. As of Jan. 1, 2008, LPEA customers can opt to pay a premium of $0.80 per 100 kWh block, down from $1.25 per 100 kWh block.

The price reduction comes as a result of Tri-State Generation & Transmission's revised renewable energy program. Tri-State will now charge its customers, such as LPEA, daily market prices for what it purchases, which currently is approximately $0.40 for each 100 kWh block. Because the market price fluctuates and LPEA does not want to continually change the rate to its volunteer green power customers, LPEA says its board has opted to add an additional $0.40 to the premium to absorb those market fluctuations, as well as generate funds for local renewable programs and purchase locally produced renewable power.

Tri-State's power is generated from wind farms in Wyoming, plus from some small hydro and biomass.

Initially, the LPEA funds will support rebates for those who install renewable generation, market prices to purchase power from LPEA's net-metered accounts and purchase of local renewable energy certificates (RECs). If LPEA secures more local renewable energy than it needs to meet the new Colorado Statue requirements, LPEA can sell the local RECs to utilities outside LPEA's territory.


Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008
UnitedEquip_id1995