Recognizing Duke Energy Florida, LLC’s (DEF) solar energy commitment, the Florida Public Service Commission (PSC) today approved a stipulated agreement on DEF’s Clean Energy Connection (CEC) program. Signatories to the Stipulation are DEF, Vote Solar, Southern Alliance for Clean Energy, and Walmart, Inc.
The CEC program will provide DEF customers with about 750 megawatts (MW) of new, cost-effective solar power and offer more options for qualified residents, businesses, and local governments to voluntarily participate in the program.
“The CEC program allows Duke’s customers to voluntarily choose whether they want to purchase some or–subject to availability–all of the energy they use from solar,” said PSC Chairman Gary Clark. “We found the program to be in the public interest because it encourages the development of renewable energy, lessens Florida’s reliance on fossil fuels, and decreases carbon emissions.”
Customers can subscribe to kilowatt (kW) blocks of solar power from DEF’s CEC solar portfolio. The fixed monthly subscription fee of $8.35 per kW block will help cover the construction and operation costs of the solar power plants and is included on a customer’s electric bill.
Participating customers will also receive monthly bill credits based on their subscription size and the actual solar energy produced through the program. The bill credit reflects the estimated economic value of the CEC program to DEF’s system, consisting of reduced fuel, purchased power, variable O&M, and conventional pollutant and carbon emission costs. For the first 36 months of program participation, the bill credit rate will be 4.037 cents per kilowatt-hour, then the rate increases by approximately 1.5 percent every year.
The CEC program also sets aside 26 MW for low-income customers who participate in government subsidy programs or DEF’s low-income energy efficiency program, and 75 MW for local governments. The program is expected to open to residential and small business customers for enrollment in 2021 with the program beginning to generate power at the start of 2022.
DEF serves approximately 1.8 million customers in Florida.
For additional information, visit www.floridapsc.com.
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