Renewable Energy World: Utility Green Tariffs: A New Way for Fortune 500 Companies to Buy Clean Energy

“Utilities know their larger corporate customers want clean energy to fulfill their sustainability goals and help their bottom line. Rather than contracting directly with developers, many corporations are finding a new way forward through so-called ‘Green Tariffs’ designed by the utilities themselves.

The Corporate Renewable Energy Buyers’ Principles, a set of guidelines developed by large energy buyers to spur progress on renewable energy and to add their perspective to the future of the U.S. energy and electricity system also encourages local procurement and utility partnerships. One of the six principles states that ‘procuring renewable energy in partnership with local utilities may be a more efficient and cost-effective option.’

Another principle states that corporations need access to new renewable power generation.”

Read full article here. (Published June 5, 2018)