Tuesday, July 21, 2009

Largest Green-Power Program Stumbles

The nation’s largest green-power program has seen enrollment fall far short of expectations as its wind power prices have soared. Austin Energy, which offers homeowners and businesses the chance to power their homes with renewable energy (mainly wind) through its GreenChoice program, has signed up only 1 percent of its hoped-for customers for its latest wind power offering, according to The Austin American Statesman. Buying wind power now costs substantially more than conventional power (which has recently fallen in price as natural gas prices have plunged), and Austin Energy may be forced to spread the cost among all of its customers, according to the paper...NYTimes

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