Austin Energy officials say that times have changed and that the nation's most successful (by volume of sales) green-energy program, which offers the renewable energy only to those who select it, might no longer be the best way to carry out the city's goals. It now costs almost three times more than the standard electricity rate.
Sounds like a good concept - customers who opted in were guaranteed a fixed rate for 10 years. The program started in 2000 and went well up until this year when costs have risen. Now 99 percent of the current offering is unsold.
All they need to do is tax the standard electricity at a 200% rate and the green energy becomes competitive. Duh.
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