Dominion Virginia Power gets Green Light to Offer 'Green Power' to Customers

[jpak]

http://www.marketwatch.com/news/story/Dominion-Virginia-Power-gets-Green/story.aspx?guid=%7B31C65A33-8BC4-4E88-98C0-D839FF0A1BF9%7D

RICHMOND, Va., Dec 05, 2008 /PRNewswire-FirstCall via COMTEX/ -- - Customers have option to buy all or part from renewable sources

- Energy sources may include solar, wind, biomass, falling water
- Program begins in January 2009

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The first option enables customers to specify that renewable energy certificates will be purchased in an amount equal to 100 percent of the electricity they use. Payment is calculated based on the customer's monthly electrical usage and current market prices for renewable energy and is included in the monthly bill. For a residential customer using 1,200 kilowatt-hours of electricity a month, the additional cost to purchase renewable energy equivalent to their monthly usage is expected to be about $14 to $18 per month.

With the second option, customers can specify that a certain amount of renewable energy certificates (in $2 increments) be purchased, with the cost added to their monthly bills. The amount of renewable energy actually purchased depends on the dollar amount specified by the customer and on current market prices for renewable energy.

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[NV Whino]

1. Right.

Who's going to want to increase the cost of their electric bill? This one needs to go back to the drawing board.

[kristopher]

2. Actually these programs do fairly well.

But it isn't the answer to engineering a shift away from fossil fuels. Old Dominion is a Coal Hog.

[NV Whino]

3. There were similar programs in CA for a while

Until PG&E got greedy. However, the programs offered a drop in prince rather than a raise in price.