DCPSC approves 15-year renewable energy power purchase agreement for a portion of the District’s default electric service
Retrieved on:
Wednesday, August 3, 2022
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This agreement results from the Commissions directive to implement a pilot program to procure renewable energy through long-term power purchase agreements for electricity generated by new solar or wind power facilities located within the PJM Interconnection (PJM) region.
Key Points:
- This agreement results from the Commissions directive to implement a pilot program to procure renewable energy through long-term power purchase agreements for electricity generated by new solar or wind power facilities located within the PJM Interconnection (PJM) region.
- Approving a 15-year agreement for renewable energy for SOS customers is a significant milestone for the Commission, stated Emile C. Thompson, Commission Chairman.
- The SOS program allows District electric customers to buy default electric power generation services through Pepco rather than from about 45 other competitive, unregulated electricity suppliers.
- About 86% of residential customers buy Pepco-supplied default SOS power, constituting about 78% of total residential electric utility sales in the District.