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Duke Energy - Standard Purchase Offer for RECs (South Carolina)
Incentive/Active false  +
Incentive/Amt 2012 Rate:<br /> General RECs: $5 per MWh  +
Incentive/ApplDsc Commercial  + , Fed. Government  + , Local Government  + , Nonprofit  + , Residential  + , State Government  +
Incentive/CSPComMaxDolYr $50,000  +
Incentive/CSPComPbiDolKWh $0.005  +
Incentive/CSPYears 15  +
Incentive/ContAddr Mail Code: EC12H  +
Incentive/ContAddr2 PO Box 1006  +
Incentive/ContDept Duke Energy Corporation  +
Incentive/ContEmail kathy.dunn@duke-energy.com  +
Incentive/ContName Kathy Dunn  +
Incentive/ContPlace Charlotte, North Carolina  +
Incentive/ContWebsite http://www.duke-energy.com  +
Incentive/ContZip 28201  +
Incentive/EligSysSize Non-solar: Must provide a minimum of 35 RECs per year, and no more than 10,000 RECs per year<br /> Systems producing in excess of this cap can participate in the unsolicited bid process  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ImplSector Utility  +
Incentive/Name Duke Energy - Standard Purchase Offer for RECs  +
Incentive/OwnRenewEnrgyCrdts Utility  +
Incentive/PVComMaxDolYr $50,000  +
Incentive/PVComPbiDolKWh $0.005  +
Incentive/PVNPMaxDolYr $50,000  +
Incentive/PVNPPbiDolKWh $0.005  +
Incentive/PVResMaxDolYr $50,000  +
Incentive/PVResPbiDolKWh $0.005  +
Incentive/PVYears 15  +
Incentive/ProgAdmin Duke Energy  +
Incentive/QuantNotes PBI term can last between 5 and 15 years -
PBI term can last between 5 and 15 years - 15 years is entered below. Solar systems that generate more than 250 MWh/year are ineligible --- $7,500 max incentive corresponds with this cap. Non-solar systems that generate more than 5,000 MWh/year are ineligible - $30,000 max incentive corresponds with this cap. REC prices escalate from year-to-year. REC provider will get REC price available for RECs in the year the REC is produced. Info here is based on 2011 REC prices.
d. Info here is based on 2011 REC prices.  +
Incentive/SSHComMaxDol $50,000  +
Incentive/SSHComPbiDolKWh $0.005  +
Incentive/SSHComYears 15  +
Incentive/SSHNPMaxDol $50,000  +
Incentive/SSHNPPbiDolKWh $0.005  +
Incentive/SSHResMaxDol $50,000  +
Incentive/SSHResPbiDolKWh $0.005  +
Incentive/SSHResYears 15  +
Incentive/SWHComPbiDolKWh $0.005  +
Incentive/SWHComYears 15  +
Incentive/SWHNPPbiDolKWh $0.005  +
Incentive/SWHResPbiDolKWh $0.005  +
Incentive/SWHResYears 15  +
Incentive/StartDate 2008  +
Incentive/StartDateString 2008  +
Incentive/Summary Duke Energy is required by North Carolina'
Duke Energy is required by North Carolina's Renewable Energy and Energy Efficiency Portfolio Standard ([http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=NC09R&re=1&ee=1 REPS]) to have 12.5% of their electricity sales in North Carolina come from renewable energy and energy efficiency by 2021. There is also a solar component to the requirement which calls for 0.2% of their total sales to come from solar technologies by 2018. The utilities can comply with the law by purchasing renewable energy certificates (RECs) where one REC represents one megawatt-hour (MWh) of electricity generated by a renewable resource. Duke Energy is taking a variety of approaches to meet their portfolio requirements, including their standard purchase offer for RECs and an unsolicited bid process for RECs. Duke Energy is not required to purchase RECs in South Carolina or required to meet any renewable energy levels in South Carolina, but projects connected to Duke Energy's grid in South Carolina may qualify to supply RECs for Duke Energy's North Carolina requirements. Duke Energy launched their REC-purchasing program in 2008. They have stated REC prices through 2027. For 2012 Duke is offering $5 per REC for general renewable energy RECs. Originally scheduled to increase over time, REC prices are now scheduled to remain at the current level through 2027. These prices are not part of a tariff, however, so Duke Energy may choose to change the rates or close the program altogether at any time. REC purchase agreements are not locked in at the rate offered in the year the agreement is signed. Instead, a REC provider who signs an agreement in 2012 will get paid at the 2012 rate for RECs generated in 2012, but then receive payments at the 2013 rate for RECs generated in 2013. Facilities must be registered with the North Carolina Utilities Commission as a new certified renewable energy facility to participate in this program. The facility must also be interconnected with Duke Energy's electricity grid in the Carolinas. Systems that meet these requirements and are located in South Carolina are also eligible for this program. REC purchase agreement must be for at least 5 years and up to 15 years.
e for at least 5 years and up to 15 years.  +
Incentive/TechDsc Anaerobic Digestion + , Biomass + , CHP/Cogeneration + , Geothermal Electric + , Hydrogen + , Landfill Gas + , Photovoltaics + , Small Hydroelectric + , Solar Space Heat + , Solar Thermal Electric + , Solar Thermal Process Heat + , Solar Water Heat + , Tidal Energy + , Wave Energy + , Wind +
Incentive/Terms Minimum term: 5 years<br /> Maximum term: 15 years  +
Incentive/Type Performance-Based Incentive +
Incentive/WindComMaxDolYr $50,000  +
Incentive/WindComPbiDolKWh $0.005  +
Incentive/WindNPMaxDolYr $50,000  +
Incentive/WindNPPbiDolKWh $0.005  +
Incentive/WindResMaxDolYr $50,000  +
Incentive/WindResPbiDolKWh $0.005  +
Incentive/WindYears 15  +
OpenEI/PageDescription Duke Energy - Standard Purchase Offer for RECs: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , South Carolina  + , Performance-Based Incentive  + , Duke Energy  +
Place South Carolina: Energy Resources +
Website http://www.duke-energy.com/suppliers/carolinas-rfp.asp  +
Categories Financial Incentive Programs , Quantitative Incentives , Production Incentives , Concentrating Solar Power Incentives , Photovoltaic Incentives , Solar Space Heating Incentives , Solar Water Heating Incentives , Wind Incentives , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
19:20:15, 12 February 2015  +
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