The R3 program will provide participating customers the ability to claim renewable benefits from existing renewable resources that have been procured through power purchase agreements (PPAs) for subscription by C&I customers. We will retire the Renewable Energy Credits (RECs) on behalf of participating customers.
Customers will pay a fixed price per MWh each month. The price is based on the average cost of the current and projected value of RECs, which is set at the time of contracting and will include a 25 cents/mWh admin fee.