The Delaware Green Energy Fund was created in 1999 as the part of the deregulation of Delaware's electric utilities. Under Title 26 Delaware Code § 363, the Renewable Energy Portfolio Standards Act, any electric company or cooperative may exempt itself from the states renewable portfolio standard by contributing to the states Green Energy Fund or by creating its own independent Green Energy Fund. The Green Energy Fund is to be used in support of energy efficiency technologies, renewable energy technologies, or demand side management programs, into which it shall make payments of at least $0.178 for each megawatt-hour it sells, transmits, or distributes in this State. For more information on the state's green energy funds visit.
Delaware Electric Cooperative's Green Energy Fund
The Delaware Electric Cooperative, the state's lone cooperative, opted out of the RPS requirements and established its own green energy fund. Based on 2008 retail electricity sales data from the DEC annual report, the fund has an annual income of approximately $206,000. The surcharge for the investor-owned utility fund was doubled in 2007 through legislation, but the surcharge for the Cooperative's fund was not affected.
The Green Energy Fund supports the Cooperative's Green Energy Program Incentives, which include rebates for distributed renewable energy systems. The eligible technologies listed in this entry are based on those described in the program regulations. Incentive programs for a given technology may or may not be active at any point in time. For more information on eligibility requirements and funding, reference the Delaware Electric Cooperative's Renewable Resource Fund Program guide.