NC Renewable Energy Mandate
North Carolina legislature passed Senate Bill 3 (SB-3) in 2007 which established a Renewable Energy Portfolio Standard (REPS) for our state. SB-3 applies to all electric utilities, with the first requirements to be met by 2010. The goal of the legislation was to expand the development of renewable energy and to promote conservation and energy efficiency. By 2018, up to 10 percent of Jones-Onslow’s kilowatt-hour sales must be from a combination of purchasing renewable energy generation and from offsetting potential energy sales through conservation measures. In May 2009, all accounts began seeing a charge on their monthly electric bills titled NC Renewable Energy Mandate. This charge pays for the costs associated with meeting the state’s REPS. The maximum annual cap allowed under the REPS mandate was $10 for residential consumers, $50 for commercial consumers, and $500 for industrial consumers through 2011. In 2012, the cap increased to $12 for residential consumers, $150 for commercial consumers, and $1000 for industrial consumers. In 2015, the maximum annual cap under the REPS mandate will increase to $34 for residential consumers, $150 for commercial consumers, and $1000 for industrial consumers.
Electric cooperatives from throughout North Carolina joined forces to form GreenCo Solutions, a not-for-profit company. The company assists the cooperatives in moving forward in the most efficient manner possible while addressing and meeting the state mandates.