Green Mountain Energy Company announced that it will stop providing electric generation service to its approximately 30,000 customers in Pennsylvania, blaming rising natural gas prices and electricity rate caps. The company has been providing electricity service in the state since 1999. According to several reports, Green Mountain would have to raise rates by about $30 per month to remain viable in the Pennsylvania market. Instead, the company will offer a renewable energy certificate-based product to Pennsylvania consumers, which will be supplied from national wind energy resources and sold in 500-kWh monthly increments for $9.95 per month (2¢/kWh) or $99.95 annually (1.7¢/kWh).
News Release - Green Mountain Energy Company Introduces New Renewable Energy Product in Pennsylvania
News Article - Green Mountain to quit selling power in Pennsylvania
News Article - Energy Provider to Quit State