GEOP improvements can answer corporate demand for 100% renewable energy
A new White Paper prepared by the Clean Energy Investment Accelerator or CEIA, an international initiative, shows that one payment scheme under the Green Energy Program (GEOP) offers a fixed discount from the monthly rate offered by the local distribution utilities, with the discounted rates potentially reaching 5 to 12 percent lower than the prevailing generation rate. It also underscores the slow uptake among energy consumers within the first 8 months of the GEOP’s implementation. Factors contributing to the lack of participation include limited awareness among potential buyers and inability for businesses who lease their facilities to engage directly with retail electricity suppliers.