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The Public Service Commission recently approved Duke Energy of South Carolina’s Green Source Advantage program.
This approval allows the company to expand renewable energy options to large customers, offering them the flexibility to select and negotiate all price terms directly with a renewable supplier of their choice. It also allows them to retain renewable energy certificates (RECs) generated by the renewable installation. In addition, the customer and the renewable energy supplier can also agree on the right contract duration for them.
“This program offers a viable, convenient and economical path for large customers looking to advance their renewable energy and sustainability goals,” said Michael Callahan, president of Duke Energy in South Carolina. “The Green Source Advantage will help them meet those goals on your terms. ”
The program will be available until the total capacity of 200 megawatts (MW) is fully signed. About 35 MW will be reserved for local government and university customers for nine months, while the remaining 165 MW will be reserved for large non-residential customers. This applies to Duke Energy Carolina and Duke Energy Progress customers in South Carolina. The registration window opens on March 29 at 9am, based on the order of arrival.
The effort to increase access to renewable energy in South Carolina is part of the company’s plans to reduce its carbon footprint by at least 50% by 2030 and 100% by 2050. Currently, Duke Energy, the parent company, has reduced carbon emissions from electricity generation by more than 40 percent since 2005.