Green Power Switch

Posted: April 29, 2009 in economy, finances
Tags: ,
Green Power Switch

Green Power Switch

Looks like TVA’s trying to find any way they can to increase our bills since having to decrease their fuel cost adjustments. Take the new “Green Power Switch” for example. You can buy 150-kilowatt hour blocks for $4 each. They estimate 150-kilowatt hours as being around twelve percent of the average month’s electric bill. If you wanted your bill to be comprised of 100% renewable energy, it would cost the average person an extra $33.32. Add that to the fuel cost adjustment (which, despite what they say, wasn’t on the bill until around October or November last year), which is .008810/kwh, and that’s gonna add around $45/month to your bill.

GPS renewable supply is 78% wind, 21.5% methane, and .5% solar. Hmm, I always thought solar was better than methane and would therefore be higher on the list. Oh well, I can’t always be right about everything.

The good thing about this is that it’s entirely voluntary and can be canceled at any time with no termination fee. But, and you knew there’d have to be a but, this just proves our electric bills are going to be jacked up. Now don’t get me wrong, I think it’s great they’re doing this. I just don’t see why our rates wouldn’t stay the same. It just seems like a scam to me. How could it cost more to turn wind into electricity than water?

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