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A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. [1] [2] PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.
With 1,436 electric power generators and 85,103 miles of transmission lines, PJM delivered 783 terawatt-hours of electricity in 2021. [5] Started in 1927, the pool was renamed the Pennsylvania-New Jersey-Maryland Interconnection (PJM) in 1956. The organization continues to integrate additional utility transmission systems into its operations.
Pennsylvania electricity production by type. This is a list of electricity-generating power stations in the U.S. state of Pennsylvania, sorted by type and name.In 2022, Pennsylvania had a total summer capacity of 49,066 MW through all of its power plants, and a net generation of 239,261 GWh. [2]
For most IPPs, particularly in the renewable energy industry, a feed-in tariff or power purchase agreement provides a long-term price guarantee. IPPs have been successful in driving the electricity sector's transition to renewables globally, owning the majority of the currently operating renewable energy generation capacity.
Pennsylvania has the Alternate Fuel Vehicle (AFV) rebate program for consumers who buy electric vehicles. The rebate is a cash incentive meant to lower the cost of entry into this emerging market. [15] In addition to state level rebate programs, there are even more federal rebate programs available for similar energy efficiency upgrades. [3] [16]
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