Georgia Power launches program to incentivize renewable energy for commercial and industrial customers

Georgia Power recently announced a new renewable energy program for its commercial and industrial customers, Commercial and Industrial Renewable Energy Development Initiative (C&I REDI).

Customers that sign up for the program will receive hourly credits matching actual production and Solar Renewable Energy Credits (RECs) from up to 200 megawatts (MW) of renewable resources attained 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,” Wilson Mallard, director of renewable development at Georgia Power, said. “This new program will provide a new renewable energy option for larger customers, while also benefiting all of our customers through further diversification of our state’s generation mix.”

Interested customers can sign up for the program on the company’s website through a Notice of Intent Application process that will last until Sept. 25. The participants will sign a 10 to 30-year contract dependent on their preference. Georgia Power will base the hourly credits on its actual hourly cost of incremental generation or avoided cost. To qualify for the program, a customer must have a total 2016 peak demand of three MW or greater.