Green Mountain Energy Company Launches Renewable Rewards Buy-Back Program

Program is first of its kind to be offered to Texas residents

AUSTIN, Texas — Green Mountain Energy Company today launched its Renewable Rewards Buy-Back program for Texas residents. The program offers credit to Texas customers who install solar arrays or other renewable generation facilities at their homes for any excess energy that their qualifying facility sends to the electricity grid. Green Mountain believes it is the first and only electricity provider in the Texas competitive market to offer this kind of buy-back program.

 

“Green Mountain is excited to offer this program to our Texas customers – many of whom have been asking for this for quite some time,” said Paul Markovich, senior vice president, Residential Services, Green Mountain Energy Company. “We are pleased to launch the Renewable Rewards program as a response to our customers’ requests and commend all of the program’s participants for taking their commitment to the environment and renewable energy to the next level.”

Renewable Rewards Program

By installing solar arrays or other renewable energy generation facilities at their homes and connecting them to the power grid, Green Mountain customers can receive credit for any excess energy that their qualifying facility exports to the electricity grid through the Renewable Rewards buy-back program. For the first 500 kilowatt hours (kWh) per month of excess energy, the credit will be the same per kWh rate that Green Mountain charges for the Renewable Rewards electricity product. For any excess energy beyond 500 kWh per month, the buy-back rate will be reduced by 50 percent.

 

“Not only are these customers supporting renewable energy and helping the environment, but they can also receive a credit on their electricity bill for the renewable energy generated and put on the grid by their system, which is an added bonus during today’s tough economic times,” added Markovich.

Criteria to Participate

The Renewable Rewards program is available to new or current Green Mountain customers who meet the program’s requirements. They must:

• Have an interconnection agreement in place with their Texas Delivery Service Provider (TDSP)
• Have a meter installed by their TDSP that separately measures the in-flow and out-flow of electricity to and from their home
• Be enrolled on Green Mountain’s Renewable Rewards Product, which is 100%Wind and requires no term commitment
• Complete, sign and return Green Mountain’s application form and agreement to participate

    For information or to Sign Up

    Texas residents interested in finding out more information about Renewable Rewards or signing up can call 866-473-3689 or visit www.greenmountain.com/renewablerewards.

    About Green Mountain Energy Company

    Green Mountain, the nation’s leading provider of cleaner energy and carbon offset solutions, was founded in 1997 “to change the way power is made.” The company is the longest serving green power marketer in the U.S. and was ranked the highest in residential customer satisfaction with retail electric service in Texas by J.D. Power and Associates.1 Green Mountain offers consumers and businesses the choice of cleaner electricity products from renewable sources such as wind and water and carbon offset products through its BeGreen division (BeGreenNow.com). Green Mountain customers have collectively helped avoid over 4.9 million tons of CO2 emissions. For more information, visit GreenMountain.com.


    1 Green Mountain Energy Company received the highest numerical score among residential electric service providers in Texas in the proprietary J.D. Power and Associates 2008 Texas Residential Retail Electric Service Satisfaction StudySM. Study based on responses from 2,572 consumers measuring 8 providers and measures opinions of consumers with their electric service provider. Proprietary study results are based on experiences and perceptions of consumers surveyed in June 2008. Your experiences may vary. Visit jdpower.com.