To the Editor:
Our town Council means well, but they’ve been sold a bill of goods that they’re presenting to us as the Princeton Community Renewable Energy Program. Contrary to the marketing hype, buying your power from Constellation NewEnergy will NOT reduce the amount of fossil fuels used to generate the power in the electric power grid, and it will not reduce pollution from local power plants. What it WILL do is reduce revenue to our local utility company, and instead send that revenue to Houston, Texas.
In New Jersey, electricity suppliers are now required to provide 21 percent of their power from renewable sources. New Jersey renewable power generators — from large commercial operations to small residential roof-top solar arrays such as the one on my home — receive one Renewable Energy Credit from the NJ BPU for every 1,000 kWh they generate. The way electricity suppliers satisfy the renewable sourcing requirement is by purchasing those credits, which allow them to (literally) take the credit for generating that power, even though they do not own the generators. Both PSE&G and Constellation NewEnergy actually produce only a tiny fraction of their power from renewable sources. The only way either company is able to claim to provide a significant amount of electricity from renewable sources is by purchasing the credit for that power from independently-owned renewable power generators. more