Green Mountain Power (GMP), a Vermont-based energy services company serving 90,000 electric customers, announced that it received regulatory approval to offer a new green power product to its customers. Under the Greener Mountain Power program, residential and small commercial customers can choose to have 25%, 50% or 100% of their power supplied from renewable energy sources, while industrial customers can choose a 10% level. The product is offered at a fixed price for the five-year subscription period, currently a premium of from 4.097¢/kWh to 4.38¢/kWh above standard rates depending on customer class. The premium may go up or down over time depending on movements in the utility's energy costs. The power will be sourced from renewable energy sources connected to the New England electric grid.
GMP continues to offer the CoolHome program, under which participating customers make a $6 per month donation to Clean Air — Cool Planet and NativeEnergy to support regional and national renewable energy projects to offset the carbon impact of powering and heating their homes. GMP customers can participate in both programs.
News Release - Green Mountain Power Introduces New Renewable Rate