Combined Heat and Power Partnership
NC GreenPower Production Incentive
|Date Last Updated||1/22/2014|
|Incentive Type||Production Incentive|
|Incentive Administrator/Contact Office||NC GreenPower|
|Incentive Initiation Date||1/28/2003|
|Incentive Size and Funding Source||NC GreenPower, a statewide green power program designed to encourage the use of renewable energy in North Carolina, offers production payments for grid-tied electricity generated by renewable sources, including biomass. Payments for electricity generated by most renewable energy systems may be available by submitting proposals for consideration when NC GreenPower issues an RFP, or through participation in the Brokered Bid program.|
Generators are required to enter into power-purchase agreements with their North Carolina electric utility and with NC GreenPower. However, because premiums paid to NC GreenPower are funded exclusively by voluntary contributions from North Carolina electric customers, NC GreenPower does not provide guaranteed contracts to generators. Production incentives are based on the amount expected to make the installation of renewable energy systems approach economic feasibility. The incentives, which include payments from utility power purchase agreements, are made on a per-kWh basis and vary by technology.
NC GreenPower issued an RFP in December 2013, seeking up to 20,000 MWh of renewable energy credits (RECs) through a purchase with either a one or two year term. Bids in response to the RFP were due January 22, 2014.
|Eligible Recipient||Owners of renewable energy generators in North Carolina.|
|Eligible Fuel||Woody Biomass; Biogas; Landfill Gas; Other|
|Eligible Project Size (MW)||Does Not Specify|
|Minimum Efficiency Required (%)||Does Not Specify|
|Other Selected Eligibility Criteria||Note that customer generators who choose to net-meter are not eligible to participate in the NC GreenPower Program.|
|Utility||Dominion North Carolina Power, Duke Energy, Progress Energy, and many of the state's municipal utilities and electric cooperatives are participating in the NC GreenPower Program.|
|Other Incentive Details||NC GreenPower is a 501(c)(3) nonprofit whose mission is to improve the quality of the environment in North Carolina through a statewide program that connects consumers with green energy and carbon offset providers. NC GreenPower was formed and is administered by Advanced Energy, a nonprofit that focuses on energy efficiency for residential, commercial and industrial markets, motors and drives and electric transportation. North Carolina's three investor-owned utilities -- Dominion North Carolina Power, Duke Energy and Progress Energy -- and many of the state's municipal utilities and electric cooperatives are participating in the NC GreenPower Program.|