BERLIN, CT - Those fuel cells your company has been thinking about, or those solar panels that you've been contemplating for your business or home may be eligible for payments from Connecticut Light & Power (CL&P) beginning next year. Plans are under way at CL&P to develop a Zero- and Low-Emission Renewable Energy Credit Payment Program and the company is looking for input.
"Long term contracts for the purchase of renewable energy credits from qualifying renewable generation projects are part of Connecticut's recent Energy Act," said Christie Bradway, manager, Renewable Power, CL&P. "We want to hear from interested customers as to what they would like to see in the program. So we've put out an RFI - a Request for Information."
Customers have until 4 p.m. on Monday, October 17 to provide feedback via email to LREC.ZREC.RFI@nu.com. CL&P will utilize the feedback in the final development of a solicitation plan, which will be submitted to the Public Utilities Regulatory Authority (PURA) for review and approval. After PURA’s final approval of the solicitation plan, CL&P will issue a Request for Proposals.
"We call the zero-emission credits, ZREC's, and the low-emission credits, LREC's" said Bradway. "Eligible customers would be able to sell their credits to CL&P at a fixed price for a period of 15 years." The price for each ZREC could be as much as $350 in the first year of the program, and each LREC could be as much as $200 in the first year of the program. Projects that could be eligible must begin operation on or after July 1, 2011. ZREC projects may not be larger than 1,000 kilowatts and LREC projects may not be larger than 2,000 kilowatts.
To learn more about ZREC's, LREC's and the RFI, please visit www.cl-p.com and go to "Going Green."
