Connect with us

Hi, what are you looking for?

Pando app

Clean Power

Green Mountain Power Introduces Plan That Allows Homeowners To Sell Solar Power Direct To Businesses

Green Mountain Power is leading the way to the future in the utility industry. This month, it has become the first US utility to allow rooftop solar customers to sell power to businesses directly on an app-based trading platform developed by LO3 Energy.

Attitude is everything. Many US utilities gaze wistfully in the rearview mirror, wishing for a return to the early days of electricity distribution when they controlled the source of supply, operated the local grid themselves, and collected a government guaranteed rate of return in return. Only a few US utilities are looking ahead to what the business of providing electricity will be, not what it has been in the past.

Green Mountain Power in Vermont is out on the cutting edge of the utility industry. It is not waiting for government mandates or renewable energy standards to cut its carbon emissions. Instead it has established its own goal of offering its customers nothing but zero emission electricity no later than 2030. It is already at nearly 60%.

“There is so much we can accomplish together in Vermont to cut carbon, and at the same time increase reliability for customers in the face of increasingly frequent and severe storms. The UN Intergovernmental Panel on Climate Change report makes clear, we have to act now, and take bold steps to cut carbon,” Mary Powell, CEO of Green Mountain Power, said earlier this year.

Green Mountain Power (GMP) began offering Tesla Powerwalls to customers for a paltry $30 a month fee a few years ago, then followed that up with a plan that networked those Powerwalls into a virtual power plant that saved customers a half million dollars in peak demand charges during a heat wave last summer. Its latest move is creating a platform that will allow residential customers with rooftop solar systems to sell the electricity they generate directly to businesses for the first time in America.

Green Mountain Power Pando

Image credit: LO3 Energy

Developed with LO3 Energy, the trading platform — called Pando — allows businesses to purchase renewable energy credits from other GMP customers. The program went live on December 2 and is currently limited to 50 businesses and 200 residential customers, but the plan is to make it available to more customers after the program is tested and all the kinks are worked out.

Pando app

Image credit: LO3 Energy

According to PV Magazine, the marketplace will be hosted on LO3 Energy’s platform. All transactions will be tracked and verified via blockchain, which allows individuals to transact privately but gives GMP the ability to closely monitor the RECs as they move through the marketplace. The blockchain tools could be used for other projects in the future.

Green Mountain Power will collect a 5% fee on all transactions, which will be paid by the seller of the renewable energy credits. But when the cost of selling RECs privately are taken into account, it believes customers will be money ahead with the new system. At present, REC sells for around 4 cents per kilowatt-hour in the New England ISO market.

One of the very cool things about the Pando platform is that it is app-based. Buyers and sellers connect via smartphone without involving the utility company directly, although GMP is able to monitor all transactions in the background to verify the system is operating correctly and all transactions are properly accounted for.

Kudos to Green Mountain Power, which already derives 90% of its electricity from sources other than coal, gas, or oil. In the field of electric cars, if you want to know what the future will be, look to Tesla. When it comes to the utility industry, Green Mountain Power is the company to watch.


Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

Steve writes about the interface between technology and sustainability from his home in Florida or anywhere else The Force may lead him. He is proud to be "woke" and doesn't really give a damn why the glass broke. He believes passionately in what Socrates said 3000 years ago: "The secret to change is to focus all of your energy not on fighting the old but on building the new."


You May Also Like


Tesla may be gearing up to become a supplier of electricity in Germany claims a report by Reuters.


Tesla has kicked off a new initiative with progressive Vermont utility Green Mountain Power that lets customers lock in a flat monthly price for...


Green Mountain Power is ramping up its plans to get to 100% renewable energy by 2030. A collaboration with Tesla for Powerwall residential batteries...


CleanChoice Energy, in partnership with CleanTechnica, has created a “Clean Energy 101” White Paper to explainer that makes it easy to understand renewable energy...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.