Tennessee Valley Authority (TVA) recently obtained its first customer in Chattanooga, TN for its new pilot program, Southeastern Renewable Energy Certificates (RECs). BASF, a chemical company, has enrolled in the program with a commitment of purchasing enough Southeastern RECs to match 100% of the electricity consumed at its Polymer Drive facility. Southeastern RECs is an expansion to TVA's Green Power Switch Program, which BASF has participated in since 2009. The new program is a high-volume option for large customers; Southeastern RECs are sold in blocks of 1 megawatt-hour (MWh) with a minimum purchase of 2,000 MWh annually. Each block costs $3, or $0.003 per kilowatt-hour (kWh), whereas blocks in the original Green Power Switch program cost $4 for 150 kWh ($0.026/kWh). The new program is only a pilot, and is being monitored to determine if it should be extended longer or broadened to a larger market.

Press Release - BASF becomes the first organization in Chattanooga to participate in Green Power Switch pilot program

Additional Information - Tennessee Valley Authority Green Power Switch programs

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