The Wellspring program provides businesses with an easy, affordable and meaningful way to support sustainable energy efforts. By participating in the Wellspring program, you are able to offset your conventional energy use and take pride in helping promote and expand renewable energy development. Small acts can make a big impact. As more businesses support the program, more opportunities arise to generate power from renewable sources. Together, we can power the future.
While the electricity that is delivered to your business includes increasing amounts of renewable energy, our Wellspring Renewable Wind Energy® program allows sustainability-conscious businesses the option of helping us do even more for the environment.
By making the choice to participate in Wellspring, you not only help support wind energy development but also help reduce our dependency on non-renewable energy sources.
Those who participate in the Wellspring program are purchasing renewable energy credits (RECs). A REC embodies all of environmental attributes of renewable generation and can be tracked separately from the underlying electricity. For every 1,000 kWhs of clean, renewable electricity generation, a REC is created.
1 REC = 1,000 kWh = 1 MWh
No. The electricity generated by the wind turbines is fed into the region’s electric grid. Renewable Energy Credits provide a tracking mechanism for the purchase of renewable energy that is added to and pulled from the electric grid. The wind power you purchase replaces electricity that would have been generated by conventional fossil fuels.
No. Your power will continue as usual because conventional generation will ensure power is supplied when the wind is not blowing.
No. Wind provides a great way to meet some of our electricity needs. However, wind could never generate all of our electricity needs because the wind doesn’t blow all the time. Wind-generated electricity is an important part of the overall mix of generation options.
Not yet. Someday it may be a cheaper alternative, however, today, it is still more expensive than traditional generation methods. As technology advances and costs come down, wind will become more and more cost competitive. Another factor is that the windiest areas are often far from the areas that need the power. Therefore, transmission lines need to be built, and this adds to the overall cost of wind energy.
To qualify for the program you must be located in your local electric cooperative’s service territory.
Contract term: 5-10 years
Pricing (through August 31st each year): $1/REC = $1/MWh
Minimum qualification, individual participant: 1,500,000 kWh (1,500 MWh) annually
Minimum qualification, corporate aggregation: 5,000,000 kWh (5,000 MWh) annually
Maximum REC offering: 100% of energy usage
Large capacity RECs: Individual participant exceeding 10,000,000 kWh (10,000 MWh) annually
Early termination: Involuntary: no penalty. Voluntary: 1 year penalty payment based on previous 12 months energy usage
Contact your local electric cooperative to learn more about how to sign up for the Wellspring program.