GREENVILLE, S.C., Oct. 15, 2018 /PRNewswire/ -- Duke Energy has
proposed a new program to expand renewable energy options for its
commercial and industrial customers in South Carolina.
The proposed Green Source Advantage program will provide large
nonresidential customers the option to secure significant amounts
of solar or other renewable energy to satisfy their sustainability
or other clean energy goals.
The program will provide Duke Energy's South Carolina large business customers an
opportunity to participate in a renewable energy program where they
receive bill credits for energy produced by a solar site not
located on the customers' premises. The program also enables
customers to retain the renewable energy certificates (RECs)
produced by the facility.
"We've received significant interest from our large commercial
and industrial customers in offering programs that help them meet
their sustainability goals," said Kodwo
Ghartey-Tagoe, Duke Energy's South
Carolina president. "The Green Source Advantage program will
leverage renewable energy options to do just that."
The program must be approved by the Public Service Commission of
South Carolina (PSCSC) before it
can be offered to customers.
If approved, the program would provide up to a total of 150
megawatts (MW) of reserved renewable energy capacity. From that 150
MW, 113 MW of capacity will be reserved for customers of Duke
Energy Carolinas, which primarily serves the Upstate of
South Carolina, and 37 MW of
capacity will be reserved for customers of Duke Energy Progress,
primarily serving the Pee Dee region including Florence and Sumter counties.
Participation in the program will be on a first-come,
first-served basis. Participating customers must be located in the
same utility service territory as the facilities providing the
renewable energy, but those facilities can be located in either
North Carolina or South Carolina.
Visit the PSCSC website for additional information on the
proposed programs.
The Green Source Advantage program builds on policy efforts in
South Carolina to grow renewable
energy.
As a result of legislation passed in 2014 – commonly known as
Act 236 -- Duke Energy and its customers have helped make
South Carolina one of the
country's greatest success stories for renewable energy. In 2017,
South Carolina jumped to No. 8 in
the country for the amount of solar installed during the year.
Act 236 provided a framework for customers to install solar on
their homes and businesses through strategic programs like the net
metering incentive and solar rebate offerings. In addition to the
net metering incentive, the company has provided more than
$50 million in rebates as an extra
incentive for customers who wanted to go solar across its
South Carolina footprint.
Duke Energy also launched a Shared Solar Program this summer
that allows customers to participate in the renewable marketplace
without installing solar panels at their homes or businesses.
Duke Energy
Headquartered in Charlotte,
N.C., Duke Energy (NYSE: DUK) is one of the largest energy
holding companies in the U.S., with approximately 29,000 employees
and a generating capacity of 49,500 megawatts. The company is
transforming its customers' experience, modernizing its energy
grid, generating cleaner energy and expanding its natural gas
infrastructure to create a smarter energy future for the people and
communities it serves.
The company's Electric Utilities and Infrastructure unit serves
approximately 7.6 million retail electric customers in six states –
North Carolina, South Carolina, Florida, Indiana, Ohio
and Kentucky. Its Gas Utilities
and Infrastructure unit distributes natural gas to approximately
1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Its Commercial Renewables unit
operates a growing renewable energy portfolio across the U.S.
A Fortune 125 company, Duke Energy was named to Fortune's 2018
"World's Most Admired Companies" list and Forbes' 2018 "America's
Best Employers" list.
More information about the company is available at
duke-energy.com. The Duke Energy News Center includes news
releases, fact sheets, photos, videos and other materials. Duke
Energy's illumination features stories about people, innovations,
community topics and environmental issues. Follow Duke Energy on
Twitter, LinkedIn, Instagram and Facebook.
Contact: Ryan Mosier
24-Hour: 800.559.3853
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SOURCE Duke Energy