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FREQUENTLY ASKED QUESTIONS
What is a Renewable Energy Cooperative?
An aggregation that enables entities to invest in renewable energy to become independent power producers, without having to own and maintain any generation facilities.
Will everyone in the pool pay 3 cents per kWh?
A ceiling price of 3 cents kWh has been negotiated including everything but hub-to-zone differential (“nodal”) and delivery charges. Each customer’s exact fixed rate will differ slightly based upon meter locations, contract start date, and pool participation. Your exact fixed rate will be offered and held for the day to review before final contract confirmation. No hidden fees.
What about the rest of my power that is not fixed as part of the renewable block?
Your “balancing load” can be locked at any opportune time in the market at any contract length. Unlike other programs, it will be competitively bid among REPs. The default provider anchors the renewable block should you fail to select another provider.
Who is eligible to join TREC?
TREC is available to Texas state agencies and local governments, including cities, counties, public hospitals, independent school districts, as well as credit-worthy private universities and hospitals. “Subscribers" collectively agree to purchase a portion of the power output from renewable plants.
What kind of generation is this, and where will these facilities be located?
Utility-scale wind and solar facilities will be located in cost effective delivery locations. Exact locations and wind/solar mix have been driven by load shape and locations of subscribers, and then ultimately by the best renewable project developers' bids.
When will the first TREC purchase occur?
The TREC pool deadline to sign final contracts is Sept. 16, 2019. A second aggregation will take place before the end of the year.
Is there a risk of losses for over or under generation?
No. An intermediary power trader will deliver a fixed volume and fixed shape wholesale block to the retail electricity provider of your choice to supply less than half your load.
Can we continue to work with our current energy consultant?
Yes. You may pay that aggregator, broker or consultant directly or as a residual portion of your bill. All fees will be clearly enumerated on your retail electricity contract.
What if we have several years left on our contract?
The renewables contract will not begin until your current contract ends. You must decide to join the pool by Sept. 16, 2019.
Can I get 100% green power?
Yes. TREC provides a contract directly with specific renewables plants for up to 50% of your usage. The remainder can be filled with grid power + Texas Renewable Energy Credits (RECs).
Do I have to choose to do on-site solar or Demand Response right now?
No. An independent study of your needs can be conducted by SECO and services added at a later time. Optional services are already considered to work with the TREC contract.
An aggregation that enables entities to invest in renewable energy to become independent power producers, without having to own and maintain any generation facilities.
Will everyone in the pool pay 3 cents per kWh?
A ceiling price of 3 cents kWh has been negotiated including everything but hub-to-zone differential (“nodal”) and delivery charges. Each customer’s exact fixed rate will differ slightly based upon meter locations, contract start date, and pool participation. Your exact fixed rate will be offered and held for the day to review before final contract confirmation. No hidden fees.
What about the rest of my power that is not fixed as part of the renewable block?
Your “balancing load” can be locked at any opportune time in the market at any contract length. Unlike other programs, it will be competitively bid among REPs. The default provider anchors the renewable block should you fail to select another provider.
Who is eligible to join TREC?
TREC is available to Texas state agencies and local governments, including cities, counties, public hospitals, independent school districts, as well as credit-worthy private universities and hospitals. “Subscribers" collectively agree to purchase a portion of the power output from renewable plants.
What kind of generation is this, and where will these facilities be located?
Utility-scale wind and solar facilities will be located in cost effective delivery locations. Exact locations and wind/solar mix have been driven by load shape and locations of subscribers, and then ultimately by the best renewable project developers' bids.
When will the first TREC purchase occur?
The TREC pool deadline to sign final contracts is Sept. 16, 2019. A second aggregation will take place before the end of the year.
Is there a risk of losses for over or under generation?
No. An intermediary power trader will deliver a fixed volume and fixed shape wholesale block to the retail electricity provider of your choice to supply less than half your load.
Can we continue to work with our current energy consultant?
Yes. You may pay that aggregator, broker or consultant directly or as a residual portion of your bill. All fees will be clearly enumerated on your retail electricity contract.
What if we have several years left on our contract?
The renewables contract will not begin until your current contract ends. You must decide to join the pool by Sept. 16, 2019.
Can I get 100% green power?
Yes. TREC provides a contract directly with specific renewables plants for up to 50% of your usage. The remainder can be filled with grid power + Texas Renewable Energy Credits (RECs).
Do I have to choose to do on-site solar or Demand Response right now?
No. An independent study of your needs can be conducted by SECO and services added at a later time. Optional services are already considered to work with the TREC contract.