You are currently browsing the tag archive for the ‘Carbon Offset Credits’ tag.

I have had Duke Energy’s “Go Green Power” for almost 2 years. I purchase Carbon credits for 500kW hrs a month. In a typical month that is well over 50% of my usage. Lately, it has been bugging me. I feel like I am just giving my money away to Duke Energy. The cost per month is $10 for a yearly total of $120. $120 buys me 6,000 kWhrs of carbon offsets. For simple math purposes I will use 2lbs for every 1kWhr. (Very close BTW) That means my 6,000kWhrs is equal to 12,000lbs. If I were to go to a site like TerraPass that would cost me about $70. Where does the extra $50 go?

Currently, Duke has two trackers on my bill, the clean coal adjustment and the coal gasification adjustment. Beside the fact that they seem to be the same thing to me, they cost me $6 to $10 a month depending on my usage. Duke is already getting my money for something that is supposed to be environmentally friendly. I fell like I am just lining there pockets.

What does Duke do with the Go Green money? They say they buy Green Power. But you and I both know that when you buy in bulk, of anything, you get a better price. So, this leads me to my decision. I am going to cancel my Go Green Power and just buy carbon offset credits myself. For the same cost, I could offset the entire electricity usage for the whole house for the whole year.