Common use of Renewable Energy Clause in Contracts

Renewable Energy. IDTE’s Basic Renewable Energy Product, is a renewably sourced product that has a renewable mix that is at least 50% greater than the Renewable Energy Standard obligation for load-serving entities in any given compliance year under the New York Public Service Commission’s Clean Energy Standard. IDTE’s Premium Renewable Energy Product, is a 100% renewably sourced product. IDTE may satisfy its renewability commitments by purchasing and retiring renewable energy credits (RECs) from any renewable energy resource that satisfies the definition of “renewable” under the Climate Leadership and Community Protection Act. Recognized technologies include, solar thermal, photovoltaics, on land and offshore wind, hydroelectric, geothermal electric, geothermal ground source heat, tidal energy, wave energy, ocean thermal, and fuel cells which do not utilize a fossil fuel resource in the process of generating electricity. Election of either of the renewable energy products supports the development of renewable resources, but Customer understands and acknowledges that Customer may not actually be supplied with renewable energy. Residents of the five boroughs of New York City will be charged an additional monthly fee of $4.95/month (prorated as a daily fee) for the Premium Renewable Energy Product.