Portland General Electric (PGE) has introduced a stable-rate green power product that will protect participating customers from most base rate increases, including energy charges, transmission and distribution charges, and all supplemental adjustments, over a five-year period. The Renewable Future product was developed as a pilot option for residential and small commercial customers based on market research that identified "a significant portion" (5% to 7%) of nonparticipating residential customers as interested in enrolling in a power option that offers green attributes as well as rate stability.
The initial rate premium for the typical residential customer is about 1.5¢/kWh over base rates, which includes administrative costs of 0.45¢/kWh and a contribution of 0.3¢/kWh to the utility's wind development fund. The pilot program is limited to 43 million kWh (5 average megawatts) of estimated annual load, equivalent to about 4,000 customers. The product will be supplied with tradable renewable credits from the Klondike II wind farm in Oregon. Enrolled customers can leave the program at any time but will not be able to return to the pilot tariff.
Separately, PGE discontinued its Healthy Habitat product. Instead, all green power customers can now choose to pay an additional $2.50 per month to support salmon habitat restoration in the utility's service territory.
News Article - PGE Puts Pale Tint of Green into Rates
PGE Contact: Thor Hinckley (503) 464-8089