Ithaca sees lower-than-expected costs for renewable electricity

Monday, February 27, 2012 @ 10:02 AM
posted by rene5432

While many state are taking impressive strides in promoting renewable electricity, some cities and towns have gone beyond even these successful efforts. One example from last year, Ithaca, in upstate New York, announced that it had reached an agreement to use 100 percent renewable electricity.

But, while some residents were worried about a potential rise in electricity rates, Ithaca City Controller Steve Thayer told the Ithaca Times that the difference actually proved to be almost negligible.

"We actually budgeted an increase for 2012 thinking that the rates would be going up, but what has happened is that the contract that we renewed with is lower," Thayer told the Times. "So that overall cost, which is fractions of pennies for the hundred percent that we're going with ends up being estimated at about $20,000, should be no more than that during 2012 if everything – the consumption and everything – came in as estimated."

Thayer noted that the city plans to keep a close eye on usage to make certain it does not rise above estimates. But, having set aside $50,000 for the cost of the renewable electricity program, the city should have more than enough to cover the cost of any overruns.

WENY reports that, particularly given the low costs, many residents have expressed excitement about the new program.

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