DEMEC invests in a variety of generation sources that provide maximum benefits to its members while maintaining low costs and reliability, continued environmental stewardship, and protecting them from price volatily. This prevents high price fluctuations for customers and protects the environment for future generations.
DEMEC’s high credit ratings and on-behalf-of financing allows DEMEC and its members to build and own efficient generation facilities more economically than purchasing power at market rates. These assets include natural gas, solar, and wind energy; all of which have extremely low to no emissions. 80% of DEMEC’s delivered power meets the criteria of low to no emissions.
Our member communities participate in an array of solar generation opportunities, ranging from community solar, to utility-scale solar parks, to individual solar facilities that target a specific energy need in the community.
DEMEC continues to be a leader in sustainable energy, a large amount located within the state of Delaware. Our member municipalities opted to participate in the state of Delaware’s renewable portfolio standards, requiring 25% of our power supply portfolio to consist of renewable energy by 2025. We are currently on track to meet this goal.
Through prudent investments and strategic market purchases DEMEC continues to reduce the wholesale rate for its members, saving millions of dollars in energy costs that are able to be reinvested back into member communities.