Appalachian Power, a subsidiary of American Electric Power serving 1 million electricity customers in Virginia, West Virginia and Tennessee (as AEP Appalachian Power), has asked the Virginia State Corporation Commission (SCC) for permission to offer its Virginia customers a voluntary option to purchase renewable energy beginning September 1, 2008.
Under the program, residential and business customers could purchase renewable energy through their monthly bills in one of two ways. Customers could choose to purchase 100-kWh blocks of renewable energy at a price of 1.5¢/kWh over standard electricity rates, or $1.50 per block. Alternatively, customers could choose to purchase of an amount of renewable energy equivalent to their actual monthly energy consumption at the 1.5¢/kWh premium.
To supply the program, Appalachian Power plans to initially use energy and renewable energy credits (RECs) derived from the Summersville Hydro Plant in West Virginia, certified as a low impact hydropower facility by the Low Impact Hydropower Institute (LIHI).
Appalachian Power is awaiting approval from the West Virginia Public Service Commission to establish a similar provision for its customers there.
News Release - Appalachian Power Requests Renewable Energy Pricing Option For Virginia Customers
Appalachian Power Contact: John Shepelwich, 540-985-2968