We Energies, Wisconsin's largest utility, received authorization from the Public Service Commission of Wisconsin (PSCW) to significantly expand its renewable energy programs. As part of the package, the PSCW approved several enhancements to the utility's Energy for Tomorrow (EFT) green pricing program.
The base premium for the EFT program was lowered from 2.04¢/kWh to 1.37¢/kWh to reflect higher fossil fuel prices, and EFT customers will be protected from fossil fuel-related rate adjustments for two years. Larger business customers that purchase 70,000 kWh of renewable energy per month or greater will qualify for a new EFT "bulk purchase rate" of 1.0¢/kWh. Business customers have the option to aggregate multiple accounts under a single corporate ownership to reach the purchase threshold.
The company has also changed the power supply mix for the EFT program by increasing the amount of wind energy, decreasing the landfill gas contribution, and including solar energy for the first time. Last year, We Energies introduced a "Solar Buy-Back Rate" that pays qualifying customer-generators a rate of 22.5¢/kWh for their solar output for up to 10 years. The PSCW also approved a new "Biogas Buy-Back Rate," which pays 8.0¢/kWh for "on-peak" energy and 4.9¢/kWh for "off-peak" energy to customers who generate electricity from anaerobic digester technology using animal waste from farm operations, industrial food processes, or municipal wastewater treatment facilities.
We Energies Contact: Jeff Anthony (414) 221-2481