PowerOptions seeks renewable energy provider to serve Bay State nonprofits and public sector
Energy-buying consortium PowerOptions is seeking developers to supply wholesale renewable energy to individual members of its 500-member consortium, particularly to larger member institutions such as area hospitals, universities and municipalities.
This new energy supply program is designed to link large-scale renewable energy providers directly with end users. Responses to the request for proposals are due Oct. 30.
The program will provide PowerOptions members with a pre-negotiated power purchase agreement (PPA) to receive electricity directly from a renewable energy project located within the ISO-New England region or deliverable into the region. The total procurement level sought is a minimum 10 MWs of capacity, which can be supplied from one or more projects.
“The PPA allows our larger members to purchase local renewable energy, impacting our region’s clean air and supporting the development of renewable energy,” Cynthia A. Arcate, PowerOptions president and CEO, said in a statement. PowerOptions, based in Boston, serves nonprofit and public entities.
“Many suppliers offer a ‘green’ product, but those offerings tend to be only the green attributes of renewable energy, not the actual electricity, and those attributes tend to be associated with projects far outside of our region,” Arcate said.
The PowerOptions electricity supplier will act as the conduit for the receipt of the electricity and firm it up to fill in the gaps in supply from an intermittent resource such as wind or solar.
“This is a unique approach,” said Arcate, “because until now, an end-use customer had to become a member of the New England Power Pool to take the power directly from a renewable energy facility and worry about managing how to make the supply firm.”
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