IMU's Renewable Energy Credit program is an option for electric customers who wish to designate that part, or all, of their monthly electric usage is generated from a renewable resource. The Renewable Energy Credit Program was created to allow businesses and individuals to support the development and use of alternative energy in areas, such as Indianola, that are not able to offer it directly.
A Renewable Energy Credit (REC) represents one kilowatt-hour (kwh) of renewable electricity generated and delivered to the power grid. An REC also represents the environmental benefits of replacing traditional, fossil-fuel power with clean, renewable power. For every kwh of renewable energy produced, there is one less kwh of power that is produced using conventional fuels. The more REC’s sold, the more renewable energy is produced.
Through IMU’s Renewable Energy Credit Program, customers may purchase part or all of their monthly electric consumption from these renewable energy sources. The additional cost to customers for renewable energy is 1¢ per kwh. For example, a customer who averages 1,000 kwh’s/month and wants approximately 10% of their energy to come from renewable resources, would pay $1.00 per month in addition to their normal bill. Customers can designate their level of participation, in 100 kwh blocks, with each block costing an additional $1.00 per month. Customers may also designate that 100% of their monthly consumption come from renewable energy sources, paying 1¢ more for each kwh consumed, rounded to the nearest dollar, in addition to their normal bill.
Customers must elect to participate in the program by completing an authorization form. In addition, customers must notify the utility billing office if they wish to discontinue participation in the program. Forms are available at the billing office in city hall, located at 110 North 1st Street, or at the IMU administrative office located at 111 South Buxton Street. Questions regarding the renewable energy credit program should be directed to Chris Longer, IMU Program Coordinator at 961-9444, ext.5302.