Participating customers pay for their renewable electricity via their monthly bill from their utility company, who then passes the payment through to the competitive electricity supplier. Participating customers usually pay a per-kilowatt-hour premium through an additional line item on their monthly electric utility bill.
Prices for competitive green power products are generally higher than prices for traditionally-sourced competitive products since the product includes both the REC and the electricity, bundled together. Eighteen states and Washington D.
In these competitive markets, municipally-owned utilities may not offer their customers retail choice. It is important to note that the market is not always divided clearly between traditionally regulated markets and competitive market states.
Some states, like California, are partially restructured markets and only permit certain consumers electricity option engage in retail choice. How do Competitive Green Electricity option Products work? In a competitive retail electricity market, customers get the option to choose to purchase from various electric supply companies, each of which might offer different renewable electricity packages.
These products could differ in their percentage of renewable energy eg. In most states, the utility still provides monopoly transmission services to deliver the electricity through established power lines.
This means that when a customer chooses a competitive green power product, the renewable electricity will be supplied by the electricity option of choice, but the default utility is still responsible for the delivery of the power and billing. Competitive green power products are generally purchased through short term contracts, 6 to 24 months long.
Depending on where you live, there may be several competitive green power option styles available to you. Many states have consumer information websites to help their residents and businesses to compare green power products and to make informed decisions about their electricity supplier.
Below is a list of resources offered by states with a competitive retail electricity market:The following links exit the site Exit.