Coal to Solar and Energy Storage Initiative Charge:
These programs will be funded through a new statewide add-on charge to delivery service customers. Any collections of the charge not needed for funding of the programs will be refunded to customers.
Price Predictability Over Next Five Years:
The add-on charge to delivery service customers is $0.1333 cents/kWh for the first five years of the program. It is projected that an average monthly residential bill would increase $0.92 – $1.33, with a typical residential consumer experiencing a $1.13 monthly charge for the program.
Utility Scale-Solar and Energy Storage:
The add-on charge to delivery service customers drops to $0.030 cents/kWh beginning in 2025 for the remaining term of the Renewable Energy Credit contract. A typical residential consumer would experience a $0.25 per month charge during this period.