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).
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SOURCE Georgia Power