Standard Offer Program

The Standard Offer Program is a power purchase agreement in which utilities agree to buy electricity generated from renewable energy projects, like solar or wind, at set prices and terms. This program provides developers with a predictable market for their energy, encouraging investment in clean energy. It also offers consumers benefits such as increased renewable energy options and potential cost stability. Essentially, it’s a way for utilities and renewable project developers to work together, helping to expand clean energy sources while ensuring reliable and affordable electricity supply.