TVA - Mid-Sized Renewable Standard Offer Program (Kentucky)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Kentucky

Name TVA - Mid-Sized Renewable Standard Offer Program
Incentive Type Performance-Based Incentive
Applicable Sector Commercial, Industrial, Nonprofit, Schools, Local Government, Construction, State Government, Tribal Government, Fed. Government, Agricultural, Institutional, Retail Supplier, Systems Integrator
Eligible Technologies Photovoltaics, Landfill Gas, Wind, Biomass, Anaerobic Digestion
Active Incentive Yes

Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount Seasonal and time-of-day prices are set at the date of execution of the contract agreement.

Typical pricing for 2015: Varying between 0.029/kWh-0.051/kWh





Eligible System Size 50kW-20MW


Start Date 2010-10-10




Installation Requirements Must be interconnected with a power distributor's or TVA's electric system




Ownership of Renewable Energy Credits All credits and attributes are transferred to TVA







Terms Up to 20 year contract with a 5% increase in base rates per year
Program Administrator Tennessee Valley Authority
Website http://www.tva.com/renewablestandardoffer/
Date added to DSIRE 2010-10-18
Last DSIRE Review 2014-11-12



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

NOTE: TVA has issued additional 100 MW of capacity for Renewable Standard Offer (RSO) program for 2015. Applications for new projects will open starting January 2, 2015.


The Tennessee Valley Authority (TVA) now compliments the small generation Green Power Providers Program by providing incentives for mid-sized renewable energy generators between 50kW and 20MW to enter into long term price contracts. The goal for total production from all participants is 100MW, with no more than 50MW from any one renewable technology. The Renewable Standard Offer program also includes Solar Solution Initiative program that offers additional financial incentives for Solar Photovoltaic (PV) projects.


TVA bases the standard offer for customer generators off of a seasonal time-of-day averages chart, which sets base prices for the term of the contract. For projects approved after January 2015, prices increase at a rate of 5% per year beginning in 2016 and may be changed with 90 days’ notice by TVA (no more than 1% per year). For 2015, the average price is expected range between $0.029/kWh during low demand periods to $0.051/kWh during high demand periods. Learn more about pricing here. Generation is recorded monthly through metering equipment installed by TVA and paid for by the participant.


All energy output, Renewable Energy Credits (RECs), or other environmental attributes from installations under this program belong to TVA, and all marketing of the program should indicate that TVA (not the power seller) consumes all of the energy from these renewable energy projects. Biomass, Wind, or Photovoltaics can be interconnected through either TVA's transmission system or partners' distribution systems under 10, 15, or 20 year contracts. Biomass should co-fire 50% or more with the fuel consumption content approved by TVA and separately metered. The remainder of the biomass production can be purchased through the TVA's Dispersed Power Production Program.


Before approval, the seller must provide TVA with project financing arrangements, interconnection agreements between the seller and either TVA or a Distributor, and TVA metering installation plans at an environmentally acceptable location. The participating power producer is responsible for interconnection, performance assurance, and application costs. TVA, or an approved third party, will also perform an environmental review at the seller’s cost.


Incentive Contact

Contact Name TVA Renewable Standard Offer Contact
Department Tennessee Valley Authority
Division Renewable Standard Offer
Address 1101 Market Street
Address 2 SP 6A
Place Chattanooga, Tennessee
Zip/Postal Code 37402-2801
Phone (423) 751-2372


Email renewablestandardoffer@tva.gov

     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Overview of Standard Offer program





















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"