PECO Opens Bids for Green Energy
PECO, a Phildadelphia-based electric and natural gas utility, is calling for alternative energy producers to submit bids to sell green energy credits. This move is in attempt to help PECO fulfill renewable energy requirements recently written into Pennsylvania law, which requires that by 2011, 3.5 percent of energy consumed by PECO customers be from renewable resources.PECO’s plan with these bids is to enter into fixed-price, five-year agreements to buy up to 250,000 credits per year. PECO intends to enter into agreements this spring for delivery beginning no later than next December. A second round of bids for 200,000 credits annually will open in the fall.
According to the release, the new plan will have the same effect as planting more than 33 million trees.
Energy Manager News
- Clauses to Consider in Green Leases
- Bahama Yacht Club to Generate Power from Solid Waste
- Duke Energy, USF Launch Solar Battery Research Initiative
- Energy Storage Helps Hotel Reduce Demand Charges by 10%
- EU Smart Campus Pilot Achieves 30% Energy Savings
- Uline to Operate 130 GenDrive Fuel Cell Units from Plug Power
- Los Angeles Shopping Center Installs 504 kW Solar
- SustainCo Wins $575,000 Contract for Energy Management Controls