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Green Mountain Power (GMP), a Vermont-based utility serving more than 250,000 customers in the state, announced that it received regulatory approval to reduce the price its green pricing program participants voluntarily pay for renewable energy certificates (RECs), from the previous 4¢/kWh to a new rate of 3¢/kWh over the standard rate. Under the GreenerGMP program, customers buy RECs sourced from methane gas and biomass generation projects in Vermont. The utility reported that it recently negotiated lower priced RECs from the projects supporting the program and seeks to pass the lower costs to its program participants.
News Release - GMP reduces renewable energy premium for customers by 25%
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