The City of Loveland (CO) Department of Water and Power announced that it has lowered the price of its green power offering. Under the newly-named GreenSwitch program, customers can now purchase 100-kWh blocks of wind energy for $1.50, or a rate premium of 1.5¢/kWh, down from $2.50/100 kWh, or 2.5¢/kWh, under the old Wind Energy Program. The price reduction results from the purchase of renewable energy certificates (RECs) from regional wind projects compared to sole reliance on Platte River Power Authority's (PRPA) Medicine Bow wind project. Loveland now sources its wind energy from PRPA at a cost of 1.2¢/kWh; the 0.3¢/kWh price differential is used to cover program marketing and administration costs.
Loveland Water & Power Contact: Mary Wyatt, (970) 962-3566
News Article - Wind Cost Drops