Portland Water District among 23 entities poised to benefit from renewable energy contracts
Portland Water District is among 23 Competitive Energy Services (CES) Consortium members taking advantage of Maine’s new net energy billing credit program. The program which was enacted last year, allows utility billing credits to be issued in exchange for electricity exported to the grid by qualified solar and hydro power generators.
Annually the Portland Water District (PWD) spends approximately $1.9 million in electricity costs, and this initiative is expected to save PWD roughly $437,000 a year, which includes $237,000 in Renewable Energy Credits.
“We are proud to be part of an impressive list of municipalities, businesses, and schools investing in green, renewable energy in a way that provides significant savings to our ratepayers. It’s a win-win,” stated PWD General Manager Carrie Lewis.
As a whole the Consortium will offset more than 50,000 metric tons of CO2e each year, PWD contributing a reduction of 2,390.
PWD is already seeing small savings, but full effects will not be realized until mid-2022 when all power generators are expected to be online.
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