Connecticut to offer unique reverse auctions to encourage renewables

Connecticut's two public utilities will launch a renewable-electricity program when they hold the first in a series of reverse auctions to foster "green" generation.

The auctions will allow the companies' customers to bid for millions of dollars in long-term contracts for the electricity they propose to produce through the installation of technologies eligible for the state's Low- and Zero-Emissions Renewable Energy Credit (LREC/ZREC) Program.

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