HG&E is excited to offer a new program to help commercial and industrial customers reach 100% carbon-free electricity. While the carbon-free portion of HG&E’s overall power portfolio mix is currently among the highest in the region, there is still a need to purchase electricity from the New England Grid during certain times throughout the year in order to meet the total customer demand.Carbon-Free Electric Program
HG&E is excited to offer a new program to help commercial and industrial customers reach 100% carbon-free electricity. While the carbon-free portion of HG&E’s overall power portfolio mix is currently among the highest in the region, there is still a need to purchase electricity from the New England Grid during certain times throughout the year in order to meet the total customer demand.HOW IT WORKS
For commercial and industrial customers electing to purchase all of their electricity from 100% carbon-free sources, HG&E will procure the supplemental carbon-free electricity required by purchasing and retiring Renewable Energy Certificates (RECs). These costs will be passed along to the customer on-bill through a newly created rate component associated with their electricity usage.
CUSTOMER BENEFITS
HG&E has set incremental targets to reach net-zero energy by 2050, but we understand some customers would like to take personal action and be carbon-free today. Program participants will receive carbon-free electricity marketing materials including: a carbon-free logo, print indicia, and webpage materials. In addition, HG&E will provide a letter at the end of the program year indicating the organization's carbon-free electric status.
Sample Print Icon & Clean Energy Customer (Electric Only)
- Must be an industrial or commercial customer within HG&E’s service territory.
- Must opt-in to the program and accounts must be in good standing with HG&E (6 - 12 month history of satisfactory payments).
- Customer account must remain in good standing or they can be removed from the program and shall owe any balances for charges related to their participation in the program.
- This program rate is in addition to customer’s existing electric service tariff charges.
- HG&E may terminate the voluntary purchase of RECs at any time.
- HG&E can modify or end this program by giving 30-day written notice to all active participants.
- Customers can opt-out of the program at any time by providing written or verbal notice to the HG&E.
Department Carbon-Free Adjustment %: 75%*
Carbon-Free Electric Rate Adjustment (REC rate): $0.0300/kWh*
*Estimated
Calculation:
Customer Monthly Consumption*: 50,000 kWh
*For example purposes only
100% Carbon-Free Monthly Cost Formula: (All kWh * (1 - Department Carbon-Free % Adj.)) * Carbon-Free Electric Rate Adj.
Carbon-Free Monthly Cost: 50,000 kWh * (1 - 75%) * $0.0300/kWh
100% Carbon-Free Monthly Cost (added cost to normal bill): $375.00