New lower-cost contract to be offered as city continues to study whether all customers should pay for renewable energy.

Austin Energy said Friday that it overestimated the growing cost of providing the city’s GreenChoice program, which sells wind and other renewable energy to willing customers but has struggled to find buyers since prices more than doubled in the past year.

The city should be able to cut the current asking price of GreenChoice to customers by about 25 percent, according to a memo to City Council members obtained by the American-Statesman on Friday.

Information thanks to AAS: more here- http://www.statesman.com/news/content/news/stories/local/2009/07/25/0725greenchoice.html