Idaho Power plans to sell its near-term Renewable Energy Certificates (RECs), including all 2014 RECs, and return the customers’ share of the proceeds through the annual Power Cost Adjustment, or PCA. The PCA reflects changes in the company’s costs of producing and buying power. Each spring we file this cost adjustment information with the Idaho Public Utilities Commission and it is implemented on June 1 through a change in customers’ rates, up or down.
The table below shows Idaho Power’s energy sources and the subsequent electricity delivered to customers in 2014. Because Idaho Power sells electricity to other utilities and to retail customers, not all electricity purchased or generated by Idaho Power is delivered to its retail customers.
The table shows that no wind or geothermal generation was delivered to customers in 2014 because the RECs associated with this generation were sold to others who have purchased the right to claim the renewable attributes of that generation. However, if Idaho Power had retired the RECs associated with this generation, the company would have been able to claim that wind and geothermal renewable energy had been delivered to customers.
Hydropower is a renewable resource, and Idaho Power is proud of the role our hydroelectric power plants play in enabling us to provide our customers with clean energy at some of the lowest rates in the nation. However, state Renewable Portfolio Standard (RPS) policies severely restrict RECs from legacy hydro plants. Idaho Power does have several small hydroelectric plants that qualify under the state of Nevada’s RPS, and some of the RECs from these projects were sold to Shell North America in 2014, as indicated in the table below.
Idaho Power’s other hydroelectric projects do not qualify for RECs.
|Resource by Type||Percentage|
|Natural Gas & Diesel||7%|
|Green Power Program (Renewable)||0.1%|
Note: Idaho Power’s Green Power Program allows customers to voluntarily support the growth and development of renewable resources. In 2014, program participants purchased more than 19 million kilowatt-hours (kWh) of green power for the region’s power grid. The Renewable Energy Certificates (RECs) and environmental attributes associated with this power have been retained and retired on behalf of and for the sole use of the Green Power Program participants. These voluntary green power purchases by Idaho Power’s Green Power Program participants are not reflected in the above table. Learn more about our Green Power Program.