Feeling confused about the Princeton Community Renewable Energy (PCRE) program and other energy provider options? We can help.
Let’s start by saying that we strongly encourage Princeton residents to opt-up to 100% in the PCRE program if they are able. (Opting up is estimated to add an average of $4.50/month.) To opt-up, call (833) 961-0753 before Wednesday, May 6.
Here’s more background about the program and why this is a good idea.
The PCRE program, like other renewable energy supply providers, operates through the purchase of Renewable Energy Certificates (RECs). Similar to stock certificates, RECs are the industry-accepted means to assign a financial value to the environmental benefits of renewable energy production. For every 1 Mwh of renewable energy that is generated, a REC is created for a one-time purchase in the market.
In the case of the PCRE program, every time a Princeton resident turns on the light, their energy usage is contributing towards the purchase of RECs generated within our local electrical grid to match 50% of their energy use. Residents that opt up to 100%, will trigger a purchase to match 100% of their use. These REC purchases accelerate the development of renewable energy supply in our region, stimulate a green economy locally, and support regional air quality improvements.
Regardless of who provides your energy, the actual electrons used by your home are the same as your neighbors, and PSE&G will continue to deliver this electricity and maintain your power lines. Your bill will continue to show a PSE&G delivery fee paid and you will not experience any change in service.
To evaluate the PCRE program against other supply programs, consider these factors:
Again, the PCRE program is a great step forward for Princeton’s efforts to reduce greenhouse gas emissions.
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