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What Is It? | Why Buy It? | How to Buy It | Who Has It? | My Impact | Policies | Links | Index | AWEA Home |
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What
Does Green Power Cost? Green
power typically costs an extra one to two cents per kilowatt-hour,
although this varies. For residential customers, this usually means $5 to
$10 a month extra. Businesses,
of course, come in a much wider variety of sizes, so there is no typical
monthly cost. But larger businesses can often control the cost by
purchasing green power for one meter or one building rather than their
entire electricity demand. In
some restructured electricity markets, green power can actually cost less
than the standard alternative service.
This may be true for a couple reasons. A few states offer
incentives or subsidies for purchasing renewable energy, making some green
power products cheaper. In other cases, regulators may set the default
service price (what consumer pay if they don’t choose an alternative)
high enough that green power products can beat that price. Despite
the usual higher cost, green power may offer an additional benefit as a
financial hedge against fluctuating
electricity prices, because most renewable resources such as
wind have no fuel costs. NEXT:
How
to Buy Green Power
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American Wind Energy
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