GSA Locks in Electricity Savings: 17% is Renewable Energy

World Energy Solutions announced that the General Services Administration (GSA) Northeast Region has finalized power supply contracts for several three- to five-year terms using the World Energy Exchange. GSA is expected to purchase 1.4 billion kilowatt-hours (kWh) of electricity for federal facilities, of which 237 million kWh is expected to be from renewable energy sources.

Jon Harvey, World Energy vice president pointed out that GSA is expected to realize cost-avoidance savings of approximately $30 million, or 15 percent, over the life of the contracts. With the most recent auctions conducted over the World Energy Exchange, GSA-owned and operated facilities in the Northeast will achieve 33 percent in renewable supply, much of which will come from wind turbines located in Pennsylvania. Since first using the World Energy Exchange in 2001, GSA has procured more than 7.2 billion kWh of electricity supply for federal facilities. The Statue of Liberty, for example, will be served by this power supply.