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Power Credits and Incentive Programs
Enhanced Growth Credit: The Enhanced Growth Credit Program provides
monthly power credits to new or expanding customers that meet the program’s
qualifying criteria. The customer may choose to have the power credits
applied to their monthly power bill by either of two payment methods. The first
method provides a power credit of $6 per kW per month payable for a period of
three years. The second method provides a $6 per kW per month credit for year
one, decreasing to $5 per kW per month during year two, and continuing to
decrease by $1 each year over a six year period. To read more in detail about the EGC program,
click here.
Customers may qualify for the Enhanced Growth Credit Program in one of the following three ways:
- New or expanding customers in the standard industrial
classification (SIC) groups of 20 to 39 for manufacturing and codes
40, 42, 44 and 45 for bulk transportation.
- New or expanding commercial or industrial customers that are all
electric on heating, ventilation and air conditioning (HVAC), have 50
percent of floor space heated and cooled, and have 50 percent or more
of the rated electric load represented by HVAC, interior lighting and/or
cooking.
- Expanding customers who are adding at least 250 kW of electric
load for all electric HVAC, water heating and/or cooking.
The minimum load requirement for SIC qualifiers is 100 kW; the minimum
for the other qualifiers is 250 kW.
Small Manufacturing Credit: This option helps small manufacturers
remain viable by offering credits when demand for a month exeeds 1,000 kW.
TVA 5-Minute and 60-Minute Response Power Credit: TVA offers 5-Minute and
60-Minute Response Power that allows participating commercial and industrial customers to qualify
for credits on their power bills for giving TVA the right to suspend the availability of 5MR and
60MR power to address reliability needs of the TVA system. To read more about these programs click
here.
TVA Financial Incentives: TVA now offers financial incentives to existing power
customers who contribute to the economic development of the seven-state Tennessee Valley region
and complement TVA's power system resources. To read more about the Valley Investment Initiatives for
Existing Industry (VII-E) click here.
Start-Up Power: Start-up and Testing Power, or STP, is designed to provide customers
the flexibility to start up and test a new operation, expand, or restart an existing facility while
maintaining their long-term power supply options. For more detail on the program and qualifications
click here.
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