The Texas Renewable Energy Co-op contract is now available
In order to review the pricing and contract offer, follow the simple steps posted on the State Energy Conservation Office (SECO) website.
Best practice, transparent process with multiple levels of competitive bidding
Why Act Now?
- Sponsored by the State Energy Conservation Office (SECO)
- Purchasing contract made available through the Texas Comptroller’s Office, Statewide Procurement Division, utilizing Texas SmartBuy contract 961-M2
- Texas Energy Aggregation (TEA) selected as the award-winning consultant as a result of the Comptroller’s competitive bidding process
- Competitively sourced retail power contracts incorporate the wholesale renewable energy block
- Lowest fixed-price electricity offered around 3 cents per kWh* (see FAQ below)
- New hedging approach fixes about half of your usage for 12 years to enhance budget certainty while leaving room for inevitable future changes in price and usage
- Participate even if you have years remaining on your current contract; the low-cost renewables will be included on your next power contract to reduce overall price
- Powered by specific renewable generation facilities, not just grid power plus RECs
- Program sets new standards for transparent, competitive bidding
- Aggregated purchasing power with the largest end users in Texas
- Confidence and accountability ensured by using Comptroller’s Statewide Purchasing Division, SECO, and TEA oversight
- Financially stable counter-parties backing the long-term electricity commitment
- Optional services like demand response and on-site solar can be added to further reduce costs
Why Act Now?
- Federal tax credits for renewable energy begin expiring at end of 2020
- Leverage the aggregated purchasing power of more than 30 state agencies, cities, medical institutions, college districts, and public/private universities
- The RFP has already been completed on your behalf
- Expert consultants on contract now to offer strategy and market intelligence