Renewable Energy Certificates
Purchasing Green-e® certified Renewable Energy Certificates (RECs) is one of the easiest ways to choose green energy. Purchasing RECs ensures that renewable energy is added to the electricity grid, and your business can claim the environmental attributes associated with the RECs. You can enroll in our REC-based plan or add RECs to any of our electricity plans.
We are proud to partner with Green-e, the nation’s leading independent certification and verification program for renewable energy. Green-e certifies that our renewable energy plan meets the highest environmental and consumer protection standards.
Integrated Renewable Energy
AEP Energy’s Integrated Renewable Energy (IRE) solution is a simple, impactful and cost-effective approach to renewable energy. This fully integrated, long-term delivered retail energy solution that utilizes a portfolio-based methodology to deliver 100 percent of your electric supply at a fixed price with renewable energy from new, locally sourced wind and solar assets. This is a competitive, long-term, fixed energy price solution that transacts like a traditional energy supply agreement with no additional risk, administrative burden, or upfront capital that’s typically required in a power purchase agreement (PPA).
vPPAs
For organizations that choose not to pursue Integrated Renewable Energy solutions or when an onsite renewable solution isn’t an option for your organization due to space or budgetary constraints, a virtual power purchase agreement (vPPA) might be the right sustainability solution for you. A vPPA is a financial arrangement with a renewable energy developer that supports the development of a new renewable energy facility. This arrangement can help your organization meet its renewable energy objectives.
With a vPPA, your organization provides fixed payments for each megawatt-hour of renewable energy generated by a specified renewable facility. In return, you receive RECS, which ensures renewable energy is added to the electricity grid while you receive credit payment for the energy the facility sells to the grid. While in this case the renewable energy is not directly delivered to your organization, you can still claim the environmental benefits of supporting new, additional renewable energy production on the grid.
vPPAs are quite complex and come with a lot of considerations. Organizations need to work with experienced energy companies that understand how to properly structure and value such arrangements and can also evaluate how vPPAs compare to the renewable energy options. AEP Energy’s team of energy experts will work with you to understand your needs and goals and make the right recommendation for your business.
Onsite Solar
Large corporations, municipalities and co-ops can opt for an onsite solar solution. Onsite solar involves the use of available land or roof space at one or several locations that have been selected based on several metrics, including energy usage patterns and weather correlations, geographic location, local energy pricing and regulatory environment, to optimize the full benefits of solar energy.
Onsite solar provides customers the unique opportunity to visibly demonstrate support for clean energy to both employees and customers and affect your bottom line with the potential to reduce long-term energy costs. By producing a portion of your energy near where it’s consumed, customers reduce dependency on grid-generated electricity, which lessens grid consumption and decreases distribution costs. If onsite solar is a viable option for your business, AEP Energy has the expertise and ability to execute your sustainability goals and maximize the benefits of onsite solar, with zero capital costs and a team of experts to manage your asset throughout its life.
