ATLANTA, Sept. 19, 2017 /PRNewswire/ -- Georgia Power
has launched its latest program to help grow renewable energy in
Georgia – C&I REDI. The
program is available to commercial and industrial (C&I)
customers under the Renewable Energy Development Initiative (REDI),
which was developed in coordination with and approved by the
Georgia Public Service Commission in 2016. Through the voluntary
program, participating customers will receive hourly credits
matching actual production as well as the solar Renewable Energy
Credits (RECs) from up to 200 megawatts (MW) of renewable resources
procured under REDI.
"We are focused on creating pioneering programs and services
that meet the changing energy needs of our customers, including the
increasing need for many commercial and industrial customers to
meet sustainability goals," said Wilson
Mallard, Director of Renewable Development at Georgia Power.
"This new program will provide a new renewable energy option for
larger customers, while also benefitting all of our customers
through further diversification of our state's generation mix."
Georgia Power's robust renewable development strategy includes
innovative customer programs such as Simple Solar, as well as
large-scale initiatives such as the Advanced Solar Initiative (ASI)
and REDI. With nearly 900 MW of solar capacity online, the company
continues to have the largest voluntary renewable portfolio in the
nation, with accelerating growth year over year since 2013. Through
continued expansion of solar at Georgia military bases, implementation of the
new REDI, as well as other solar projects and programs, the company
expects to add up to 1,600 MW* of additional renewable capacity by
2021.
Interested C&I customers are encouraged to subscribe to
C&I REDI through a Notice of Intent Application process that
will close on September 25, 2017.
C&I customers will sign a 10 to 30 year contract based on their
preference. The hourly credits will be based on Georgia Power's
actual hourly cost of incremental generation (avoided cost). To
qualify, a customer must have an aggregate 2016 peak demand of 3 MW
or greater (aggregated accounts must be under common ownership and
control). For additional information and to apply for the program,
visit https://gpcci.accionpower.com.
* REC Disclaimer: Every megawatt hour of electricity produced
by an eligible solar generation resource creates a Renewable Energy
Credit (REC). Georgia Power purchases only the null energy output
from some renewable generating facilities that have contracted to
sell that energy to Georgia Power. Ownership of the associated RECs
is specified in each respective power purchase agreement. The party
that owns the RECs retains the right to use them.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern
Company (NYSE: SO), America's premier energy company. Value,
Reliability, Customer Service and Stewardship are the cornerstones
of the company's promise to 2.5 million customers in all but four
of Georgia's 159 counties.
Committed to delivering clean, safe, reliable and affordable energy
at rates below the national average, Georgia Power maintains a
diverse, innovative generation mix that includes nuclear, coal and
natural gas, as well as renewables such as solar, hydroelectric and
wind. Georgia Power focuses on delivering world-class service to
its customers every day and the company is consistently recognized
by J.D. Power and Associates as an industry leader in customer
satisfaction. For more information, visit
www.GeorgiaPower.com and connect with the company on Facebook
(Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and
Instagram (Instagram.com/ga_power).
View original content with
multimedia:http://www.prnewswire.com/news-releases/georgia-power-introduces-renewable-energy-program-for-commercial-and-industrial-customers-300522165.html
SOURCE Georgia Power