BlueRock Energy is a true business partner. We strive to educate and inform our customers of Market News and Energy Trends.
Statewide energy supply charge added to your electric utility account
On August 1, 2016, the New York State Public Service Commission (“NYPSC”) issued its Order Adopting a Clean Energy Standard . This Order requires all utilities and energy service companies (ESCOs) supplying electricity in New York State, including BlueRock Energy, to purchase Zero Emission Credits (“ZECs”) in order to subsidize the Fitzpatrick, Ginna and Nine Mile I&II nuclear power plants all owned by Exelon Corporation, and pass the charges through to all New York State energy consumers. In addition, the Renewable Energy Standard (RES) requires every utility and ESCO to procure renewable energy credits (RECs) associated with the new renewable energy resources for their customers. These charges will be mandatory effective April 1, 2017. BlueRock has no control over the price we will have to pay for the ZECs and we cannot opt-out of participation, as we are under regulatory Order to do so.
In compliance with NYPSC regulations, this letter is to notify you that your rate for electric supply will increase starting April 1, 2017. The increase to your rate, in the amount of $0.0035/kWh, is only the amount required to recover this year’s price of ZECs and RECs. Please note that there are currently a number of ongoing proceedings challenging the legality of the NYPSC-imposed ZECs. In the event that these legal challenges are successful resulting in the reduction (or elimination) of ZEC charges, BlueRock will immediately reduce (or eliminate) the ZEC charge on your electric supply invoice.
As always, we are happy to discuss your account with you, and answer any questions you may have regarding the above mentioned ZEC charge. Please give our Customer Experience Team a call at 877-280-4909 and we will gladly assist you. We value your business and your input as essential to creating a long-term energy supply partnership
Philip R VanHorne
President & CEO BlueRock Energy, Inc
We encourage you to click the below links to view current trends and market analysis. Our team of industry experts updates these links weekly (or monthly). We invite you to bookmark our site and return to BlueRock Energy for important updates.
Learn more about the energy industry at the following websites. These sites offer information about state energy programs, US Government data and programs, energy market data, deregulation, statistics, and green energy. We hope you find these sites help you make more informed energy decisions.
- New York State Energy Research and Development Authority
- United States EPA Green Power Partnership Program
- United States Department of Energy
- NYMEX Energy Market Data
- Energy Market Data
- United States Energy Information Administration (EIA)
- EIA Natural Gas Outlook Report
- EIA Electricity Outlook Report