Description

This funding opportunity is designed to encourage the purchase of renewable energy-based electricity supply by large electricity customers in Rhode Island, including business, government, and institutional customers. Rhode Island’s Renewable Energy Fund has $370,000 available to support proposals by large electric customers and/or registered retail electricity suppliers for the purchase or sales of green power to large electricity customers in Rhode Island. The intent is to buy-down but not eliminate entirely the cost premium associated with purchasing green power.

Applicants are encouraged to propose creative approaches to supporting the purchase of green power by large customers. Possible funding structures include, but are not limited to:

• Customer Rebate: a fixed grant to either the supplier or the customer, distributed upon green power delivery, intended to buy-down a portion of the cost of the purchase.
• Purchase Incentive: A cents/kWh incentive offered to the customer or the marketer based on kWh of green power purchased/sold.

Funds may be paid to either the green power purchaser or the green power seller.

Click on the web site shown above to access the Request for Proposals (RFP).