Renewable Energy Option - Rider R
Beginning August 1, SVEC residential members will have the option of participating in a voluntary Renewable Energy Program. One hundred percent of the electricity supplied comes from a renewable source. These “renewable sources” are: “ … energy derived from sunlight, wind, falling water, biomass, sustainable or otherwise … energy from waste, municipal solid waste, wave motion, tides, and geothermal power … Renewable energy shall also include the proportion of the thermal or electric energy from a facility that results from the co-firing of biomass.”
SVEC gets their renewable energy for this program from its power supplier, Old Dominion Electric Cooperative (ODEC) through ODEC’s three main sources:
- Criterion Power Partners, LLC 70.0 MW
- AES Armenia Mountain Wind, LLC 50.5 MW
- Stony Creek Wind Farm, LLC 32.5 MW
The Renewable Energy Program is a voluntary program, open to residential and seasonal residential accounts, and has a contract requirement.
The Renewable Energy Rate (“Rider R”) is in addition to any charges the member currently sees on their bill. Rider R would apply to 100 percent of the energy consumption of the member.
Currently Rider R is equal to $0.015 per kWh. The Cooperative may change the Rider R once per calendar year depending on market conditions for the purchase and retirement of Renewable Energy Certificates. At such time, the Cooperative will file a new Rider R with the State Corporation Commission along with data supporting any change based on market changes.
The Cooperative does not make any money off of Rider R, even with the extra charge on the member’s bill. There is no markup from the Cooperative for the Renewable Energy Program. Any charges the member sees as a result of participation in the program are directly from the source (ODEC); there is no profit made by the Cooperative.
If someone decides to sign up and then wants to quit participating in the Renewable Energy Program, they may terminate billing under this Rider R by giving the Cooperative at least thirty (30) days prior notice. After receiving such notice, the Cooperative will terminate billing under this Rider effective with, or prior to, the member’s next meter read date. The Cooperative reserves the right to terminate this Rider or revise the pricing or minimum purchase amount of the Rider after giving sixty (60) days prior notice.
If a member/owner does not want to participate in the Renewable Energy Program, their service is not affected. The Renewable Energy Program is voluntary and Rider R, if chosen, is in addition to the applicable rate schedule. Rider R will apply to 100 percent of the member’s energy consumption under the applicable rate schedule. If the member chooses not to participate, no change will be made to the service and charges the member is currently receiving.
Please click on the links below for the Member Agreement, and information regarding Rider R.
Please remit signed agreements to:
Attn: Billing Coordinator
P.O. Box 236
Mt. Crawford, VA 22841