The Virginia State Corporation Commission approved voluntary renewable energy options for customers of Dominion Virginia Power and the Appalachian Power Company, a subsidiary of American Electric Power. Customers of both utilities will now have an option to buy renewable energy certificates (RECs) to cover either a portion or the total amount of electricity that they consume.
Dominion customers will have the option to purchase an amount of renewable energy equivalent to their entire monthly electricity consumption, or to purchase renewable energy in 133 kWh blocks at a cost of 1.5¢/kWh above the standard rate, or $2.00 per block. Similarly, Appalachian Power customers will be able to utilize the 100% option or choose instead to buy 100 kWh. The two utilities will purchase renewable energy certificates (RECs) from a variety of renewable energy resources. Included among the sources used to supply its program, Appalachian Power will purchase RECs from the Summersville hydroelectric plant in West Virginia.
The Commission also found that the two utilities failed to meet Virginia’s statutory definition for a 100% renewable energy offering. Under Virginia law, the finding means that competitive electric suppliers can continue to offer renewable energy in the state.
News Release — SCC Approves Renewable Energy Options for Dominion Virginia Power and Appalachian Power
News Release — 3Degrees Partners With Dominion Virginia Power To Launch New Utility Green Pricing Program
Virginia SCC Contact: Ken Schrad, 804-371-9141