The Yampa Valley Electric Association (YVEA), a consumer-owned cooperative utility serving Northwest Colorado and a portion of Wyoming, has lowered the premium for its green pricing program participants, from $3 per 100 kWh block to 60¢ per 100 kWh block (0.6¢/kWh) over the standard rate. The new premium is one-fifth the previous amount. For an average household meeting 100% of their energy needs through the program, the reduction would reduce their annual green energy premium from about $290 to about $57.
YVEA supplies its program with renewable energy credits (RECs) purchased from Xcel Energy. A higher volume purchase of RECs enabled the lower negotiated wholesale price from Xcel. About 300 YVEA households and businesses currently participate in the program, or about 1.2% of their customers.
News Article - Business News And Notes: Another Way To Go Green
YVEA Contact: Jim Chappell, 970-871-2231