Sustainability

Choice Energy Services can assist in its client’s sustainability goals and objectives. It’s important to know the renewable landscape and identify the most advantageous path to sustainability by individual market area in order to keep costs down, while meeting client’s sustainability goals.

Purchase Renewable Energy Credits (RECs)

  • Easy & currently inexpensive
  • Pure cost – no impact on actual consumption & no ability to offset consumption or demand
  • Choice Energy Services Value:
    • Conduct a competitive RFP to identify the most price competitive retail REC suppliers
    • Position Report: Tracks the % green per facility over the course of a REC

 Distributed Solar

  • Tangible asset with a visible goodwill
  • Integrated installation with electric vehicle charging station
  • Geographical limitations that typically is structured as a long-term lease
  • Choice Energy Services Value:
    • Review of the PPA to ensure commercially reasonable terms and conditions
    • Evaluate long term commodity forecasts to ensure a valid payback period estimate on capital expense

Power Purchase Agreement with a Renewable Resource – Co-located

  • Right to offtake from a tangible asset
  • Site and geographical limitations
  • Choice Energy Services Value:
    • Negotiate  PPA to ensure commercially advantageous terms and conditions
    • Evaluate long term commodity forecasts to ensure a valid payback period estimate on capital expense

Power Purchase Agreement with a Renewable Resource – NOT Co-located

  • Becoming popular for large-scale solar and wind installations
  • No geographical limitations, structured as pure financial transaction not tied to a specific supplier
  • Choice Energy Services Value:
    • Negotiate  PPA to ensure commercially advantageous terms and conditions
    • Evaluate long term commodity forecasts to ensure a valid payback period estimate on capital expense
    • Advise of complex possibly cross-continental sustainability solution

Consider the possibility to virtually aggregate load for all regulated and deregulated locations to leverage entire portfolio when designing a strategy for sustainability goal achievement.

Carbon Offsets

  • Carbon offsets allow companies to compensate for emissions by supporting a sustainability project that reduced an equivalent amount of greenhouse gas elsewhere. One carbon offset is equal to one metric ton (2205 lbs.) of carbon equivalent emissions.

Power Purchase Agreements (PPAs)

  • A PPA is a direct contract between two parties: One which generates renewable electricity and one which is looking to purchase renewable electricity.
  • Some suppliers offer long term, fixed rate pricing on direct renewable PPAs.

Renewable Energy Certificates (RECs)

  • RECs are created for each megawatt-hour (MWh) of renewable electricity (wind, solar, etc.) generated and delivered to the power grid. RECs are the primary tool used by organizations making a renewable energy or green power claim.

BEF Water Restoration Certificates® (BEF WRCs)

  • BEF WRCs provide organizations with an incentive to support projects that implement more efficient water management solutions thereby restoring water to critically dewatered ecosystems. One BEF WRC is the equivalent of restoring 1,000 gallons of water.

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