Senate Bill 3 was passed by the NC General Assembly in 2007 to promote the development of renewable energy and energy efficiency in the state through the implementation of renewable energy and energy efficiency portfolio standards (REPS).
All electric utilities in NC are required to comply with Senate Bill 3.
North Carolina Municipal Power Agency Number 1 has implemented renewable generation and demand side energy efficiency programs on behalf of its member towns and cities to meet these state-mandated requirements. The cost of these programs is billed to Huntersville on the monthly wholesale power bill. The REPS Rider is designed to recover the cost of these programs through a monthly charge on retail customer electric bills. This charge would be effective with customer bills in the July 2016 billing cycle. The charge varies by customer classification as follows:
Residential $0.61 per month (increased from $0.56)
Commercial $2.95 per month (increased from $2.69)
Industrial $30.41 per month (increased from $27.75)
These charges enable the Town of Huntersville to meet its REPS compliance obligations for 2016-2017. These charges may change in 2017 and subsequent years.