The Blog


Renewable power prices are at historic lows

It is always hard to balance corporate sustainability and fiscal goals. But, when it comes to buying electricity, it has recently become much easier. The window of opportunity might not last long, however.

Pricing for renewable power is currently at or near historic lows. Below is a chart showing prices in some major power grids.

ERCOT 24/7 3 Year Supply 5 Year Supply 7 Year Supply
2013 Price 38.08 35.69 35.77
2014 Price 35.21 34.60 35.20
2015 Price 31.94 33.76 35.37
Current 32.50 34.22 35.81
PJM West 24/7 3 Year Supply 5 Year Supply 7 Year Supply
2013 Price 44.17 42.63 41.38
2014 Price 43.75 42.00 40.86
2015 Price 41.55 40.32 39.68
Current 39.48 38.88 38.76
PJM East 24/7 3 Year Supply 5 Year Supply 7 Year Supply
2013 Price 47.15 45.86 44.89
2014 Price 47.22 45.54 44.69
2015 Price 45.36 44.23 44.02
Current 43.17 42.89 43.49

RPD has pioneered medium term (3-10 year) purchase options for renewable power, and we have several methods of tailoring renewable supply to a company’s load:

  • Deliver a fixed volume block of renewable power at a wholesale location to your current retail provider (who manages the balance of supply, load following, billing, etc.)
  • Deliver the block to a utility location to your current retailer
  • Provide 100% of your demand with renewable power and utilize our retail partner Xoom Energy to provide the balancing, etc.

For companies currently under a supply contract, RPD can also lock in low cost renewable supplies now and start delivery when your current term supply deal ends.

Current low pricing levels offer a fantastic opportunity for securing green power. Please get in touch if you would like a specific price quote for your volumes and locations.