MGE generates, purchases and distributes electricity to nearly 153,000 customers. We take seriously our obligation to provide safe, reliable, affordable and sustainable energy.
Our energy supply mix is in transition. MGE is working toward greater use of renewable resources and targeting net-zero carbon electricity by 2050. Like most Midwest utilities, MGE has historically relied upon fossil fuels to serve its electric customers. Our fuel mix, however, is changing as renewable energy technology continues to improve in performance and decrease in cost. MGE is working aggressively to grow our use of cost-effective renewable energy to benefit all our customers.
Our energy future
MGE's carbon intensity will decrease as we continue to transition further toward greater use of renewables. Since introducing our Energy 2030 framework in November 2015, we have developed projects that will increase our owned renewable energy capacity by about 600%. We continue to pursue other wind and solar projects to serve all our customers.
For additional information on MGE’s electric supply mix, please see our 10-K.
Our climate commitment
The Intergovernmental Panel on Climate Change (IPCC) has identified carbon neutrality by 2050 as a benchmark for limiting global warming to 1.5 degrees Celsius. MGE's net-zero carbon by 2050 goal is based on the latest climate science from the IPCC, and our deep decarbonization strategies—clean energy, energy efficiency and conservation, and the electrification of other end uses, such as transportation—are the same as those identified by the IPCC.
Our goal of net-zero carbon electricity by 2050 signals our direction, but it doesn't determine our pace. We're working as aggressively as we can toward deep decarbonization. We believe we can go further faster toward our goal by working with our customers to advance our strategies.
Under our Energy 2030 framework, we committed to supplying at least 30% of retail electric sales with renewable resources by 2030. MGE also set an interim goal of 25% renewable energy by 2025. We expect to meet that interim goal ahead of schedule. In addition, we pledged to reduce carbon emissions at least 40% from 2005 levels by 2030.
The power of working together
We’re continually evaluating current and new programs to help our customers advance clean energy and manage their energy use. As we transition to greater use of cleaner energy, including through voluntary purchases by our customers who participate in our Green Power Tomorrow and Shared Solar programs, we can partner to reduce emissions by using renewable energy.
Energy efficiency is considered a key strategy for deep decarbonization. Programs like MGE Connect and On Demand Savings help us save energy, manage costs, reduce emissions and better understand the potential for managing energy use using smart technologies. Work with MGE to save energy and reduce your environmental footprint, and stay informed by visiting mge2050.com to learn how we can work together.