Michigan PSC Approves New Rates for Consumers Energy Renewable Options

The Michigan PSC approved amendments to Consumers Energy Company's voluntary Green Generation Program that lower the cost of the renewable options.

Effective with the September 2011 billing cycle, new rates will be as follows:

- Payment Option 1 will be amended to $10 per megawatt-hour (MWh) from $16.67/MWh for 100 percent of the customer's electricity usage if that customer elects to participate at the less than 15,000 kilowatt-hour (kWh) per month level. For customers at or greater than the 15,000 kWh/month level, the price will be $8.50/MWh, down from $16.67/MWh. The new rates are equivalent to $10/renewable energy credit (REC) and $8.50/REC, respectively.

- Payment Option 2 will be amended to $1.50 from $2.50 per block of 150 kWh of renewable energy. The new rate is equivalent to $10/REC.

- Payment Option 3 will be amended to $1.275 from $2 per block for customers that sponsor 100 blocks or more per month. The new rate is equivalent to $8.50/REC.

- Payment Option 4 will be amended to $1.05 from $1.50 for customers that sponsor 8,000 blocks per month or more. The new rate is equivalent to $7/REC.