Duke Energy will Help Customers Become 100% Renewable

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Image of Duke Energy's employee having a look at a solar farm.

Duke Energy has proposed an expansion to its "Green Source Advantage" (GSA) programme that aims to provide customers with the option of supplementing their power usage with 100% renewable energy and pairing it with energy storage. This move is a step toward meeting the growing demand for renewable energy sources and giving customers more sustainable energy options.

“Many of our large business customers seek renewable power sources and are making decarbonisation a long-term part of their business plans,” said Lon Huber, Duke Energy’s senior vice president, Pricing and Customers Solutions. “Duke Energy is proud to offer these customers a wide range of options, including the ability to increase their hourly use of carbon-free energy in one of the country’s first time-aligned clean-energy programmes."

Duke Energy's GSA programme was launched in 2017 and has been used by several customers, including the City of Charlotte, Bank of America, Wells Fargo, and Duke University.

The programme will offer up to 4,000 megawatts of capacity, which is more than ten times the current capacity available. With this expanded programme, customers can offset the power they buy with renewable energy from projects connected to the Duke Energy grid. This renewable energy can be used to help customers meet their sustainability goals. The programme's goal is to provide large customers with a path to using clean energy 24x7.

Changes to the programme include the following:

  • Customers can contract for up to 100% of their energy use. Previously, the programme’s details only allowed for about 30% of total energy use.

  • Customers can work directly with Duke Energy or independent developers for their long-term purchase of renewable energy.

  • Customers may also combine energy storage with their project – allowing them to align the production of renewable energy with their energy load.

  • Duke Energy is also proposing a new 10-year avoided cost bill credit option in addition to the existing hourly, 2-year and 5-year options.

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Source: Duke Energy

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