SELCO is leading the way to a cleaner future by delivering 100% carbon-free electricity by 2032, a target year that is well ahead of that for the region’s investor-owned utilities. We value both supply-side solutions (clean power sources) and demand-side solutions (like energy efficiency measures like weatherization, and electrification measures like heat pumps).
How Do We Get to 100% Net Zero by 2032?
Diversified Portfolio
We carefully manage our energy mix with a diverse portfolio of layered contracts and local/regional clean energy to keep rates affordable and service reliable.
Clean Energy Targets
We’re increasing our non-carbon-emitting power supply annually by 5%:
- 2024 – 60%
- 2026 – 70%
- 2030 – 90%
- 2032 – 100%
Renewable Energy Credits (RECs)
When necessary, SELCO buys and retires Renewable Energy Credits (RECs) and other emissions-free certificates. These certificates verify that electricity was generated from renewable and non-emitting resources, such as wind or solar. Retiring them ensures no one else can claim the environmental benefit.
Energy + Capacity Hedging
As a Municipal Light Plant, we are in a unique position with energy contracts. We lock in prices with long-term agreements and reduce risk by balancing long-term and short-term energy purchases to mitigate impacts of wholesale energy market fluctuations.
Clean Energy Technology Investments
We’re exploring and implementing clean energy technologies such as battery energy storage, local solar, strategic electrification like supporting customers to switch from fossil fueled heating to electric heat pumps, and demand-side savings to reduce carbon emissions and lower energy costs.