GMP purchases the renewable energy credits for up to $0.04 per kWh with full subscription of the GMP voluntary Cow Power tariff. Attributes associated with production in excess of voluntary customer demand will be sold on the regional market where possible. The farmers sell the electricity as a separate commodity under the Vermont Standard Offer Program. Eligible systems must be connected to the grid, and although net metering is another option for farmers, it is not available under this arrangement.
GMP sells the renewable energy credits (RECs) and other environmental attributes (i.e. Carbon Credit) generated under this arrangement as part of GMP Cow Power, the utility's green power program. This program offers customers the opportunity to purchase renewable energy for $0.04 per kWh above the retail cost of electricity under any rate class as a tariff rider.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Vermont |
| Incentive Type: | Performance-Based Incentive |
| Web Site: | https://greenmountainpower.com/help/cow-power/ |
| Administrator: | Green Mountain Power Corporation |
| Start Date: | 10/2004 |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: | $0.04 per kWh |
| Maximum Incentive: | None |
| Terms: | Five-year contract; RECs transfer to utility |
| Ownership of Renewable Energy Credits: | Utility |
| Technologies: | Anaerobic Digestion |
| Sectors: | Agricultural |
| Parameters: | The incentive is 0.04 $/kWh (5 years) |
| Name: | 30 V.S.A. § 8003 |
| Name: | Vermont Public Service Board Order, Docket No. 6933 |
| Date Enacted: | 07/30/2004 |
| Effective Date: | 07/30/2004 |
| Name: | Customer Information Center |
| Organization: | Green Mountain Power |
| Address: |
VT |
| Phone: | (888) 835-4672 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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