TVA Solar Investment in 2013
TVA Solar Investment
• TVA must balance the need for incentives to support new sources of clean, renewable
energy and the impact of these subsidies on consumer power bills. TVA’s mission is to keep
electric rates as low as feasible.
• TVA will invest about $25 million to buy solar energy in FY 2013 part of about $398
million TVA will spend on renewable energy and wind contracts this year.
• TVA’s average cost for all energy generation and delivery is 6.5 cents per kilowatt-hour.
Under its current renewable programs terms, TVA pays:
o Green Power Providers – An average contracted price of 17 cents per kWh over 20
years for solar; 14 cents over 10 years for wind, biomass and small-scale hydro.
Renewable Standard Offer – An average market price of 7 cents per kWh for solar;
6 cents per kWh for other renewables over 20 years.