Dominion Virginia Power Sets New Rate To Encourage Solar Installations

Power VIRGINIA Restrain PROPOSES NEW Export tax TO Attempt Huge Restrain IN THE COMMONWEALTH

Power VIRGINIA Restrain TOOK A Fly Extent In our time TO ADD Excellent OF THE SUN'S Influence TO ITS ELECTRICITY Grating BY PROPOSING A NEW Export tax THAT INCLUDES A Boon TO Attempt Clients TO On top form Huge PANELS AND Advertise THE ELECTRICITY TO THE Inflexible.

In a filing with the Virginia Provision Corporation Reason (SCC), the company is seeking pass to buy solar-generated electricity from residential and small commercial trade at 15 cents per kilowatt-hour for a five-year stride denote. The stride project would be controlled to 3 megawatts total, or 3,000 kilowatts. The typical residential solar installation in the company's Virginia leave behind string is 4 kilowatts."We go through this program choice be a prosperity based on conversations with our untaken trade who keep up previous to installed solar panels and other trade who keep up been discussing this occasion with us," held Ken D. Barker, injustice president-Customer Solutions and Influence Maintenance. "Our Upmarket Restrain trade alike keep up been asking us to tie their headstrong effort and expenditure to green energy in Virginia. So this is a win-win for every person."The wished-for rate is held to pay a premium to trade who generate electricity with solar power to land installation assignment. The premiums would arise from the offerings that Power Upmarket Restrain trade make to shop at the production and development of renewable energy.Around 14,000 Power Virginia Restrain trade show in the company's Upmarket Restrain program. They pay a sooner far along rate so that either all or a portion of their electricity is watered down by recognized green power sources. The wished-for solar rate program choice synchronize the Power Upmarket Restrain trade with trade who lack to generate solar energy on their home and deal in the electricity to Power.The company had multiple meetings with prying parties to drive the wished-for solar rate with pricing and lexis to hobby effort. Authorized trade choice accept all of their electricity from the company and deal in all of their solar-generated electricity to the company.The wished-for glassy rate alike might be an alternative to the company's untaken "net metering" program where trade watered down their application with self-generated renewable energy. Concerning 650 trade show in the "net metering" program currently.The company took the initial nudge in appendage higher solar to its fuel mix in October taking into account it asked the SCC for esteem of a folks solar power program to swallow rooftops of commercial businesses and metropolitan facilities for up to 30 megawatts of solar panels. That program would generate passable electricity to power about 6,000 homes in the course of mountain ignite hours. The SCC has sad a distress on the mean for September.Power Virginia Restrain is a subsidiary of Power (NYSE: D).SOURCE: Contemporaries HUB (HTTP://GENERATIONHUB.COM/2012/05/17/DOMINION-VIRGINIA-POWER-PROPOSES-NEW-RATE-TO-ENCOU)