{"id":4294,"date":"2019-12-20T14:39:03","date_gmt":"2019-12-20T19:39:03","guid":{"rendered":"https:\/\/www.capelightcompact.org\/new-video-provides-101-on-clc-local-green%e2%84%a0-program\/"},"modified":"2019-12-20T14:39:03","modified_gmt":"2019-12-20T19:39:03","slug":"new-video-provides-101-on-clc-local-green%e2%84%a0-program","status":"publish","type":"post","link":"https:\/\/www.capelightcompact.org\/es\/new-video-provides-101-on-clc-local-green%e2%84%a0-program\/","title":{"rendered":"New Video Provides\u00a0\u201c101\u201d\u00a0on CLC Local Green\u2120\u00a0Program\u00a0"},"content":{"rendered":"

New Video Provides\u00a0<\/span><\/b>\u201c<\/span><\/b>101<\/span><\/b>\u201d<\/span><\/b>\u00a0on CLC Local Green<\/span><\/b>\u2120<\/span><\/b>\u00a0Program<\/span><\/b>\u00a0<\/span><\/h2>\n

Since\u00a0<\/span>Cape Light Compact\u00a0<\/span>was\u00a0<\/span>formed in 1997<\/span><\/a>, the energy\u00a0<\/span>sector in Massachusetts<\/span>\u00a0has\u00a0<\/span>undergone\u00a0<\/span>a significant<\/span>\u00a0transition.<\/span>\u00a0<\/span>Let\u2019s explore some of the\u00a0<\/span>changes that\u00a0<\/span>have\u00a0<\/span>brought us to\u00a0<\/span>the state\u2019s current energy\u00a0<\/span>landscape<\/span>,\u00a0<\/span>and<\/span>\u00a0<\/span>the role the Compact has played\u00a0<\/span>to\u00a0<\/span>expand access to clean<\/span>er<\/span>, competitively-priced electricity among its customers<\/span>.\u00a0<\/span>This includes one of the Compact\u2019s latest initiatives,\u00a0<\/span>CLC Local Green<\/span><\/a>,\u00a0<\/span>which\u00a0<\/span>is specifically designed to advance\u00a0<\/span>locally-generated renewable energy.\u00a0<\/span>\u00a0<\/span><\/p>\n

An Evolving Industry:\u00a0<\/span><\/i>\u00a0<\/span><\/p>\n

According to\u00a0<\/span>the\u00a0<\/span>U.S. Energy Information Administration<\/span><\/a>,\u00a0<\/span>just ten years ago,\u00a0<\/span>coal\u00a0<\/span>met approximately 25% of\u00a0<\/span>Massachusetts\u2019<\/span>\u00a0<\/span>electricity needs<\/span>. Since then,\u00a0<\/span>the state\u2019s energy generation profile has changed drastically<\/span>.\u00a0<\/span>As of 2018,\u00a0<\/span>66% of electricity generation came from\u00a0<\/span>natural gas, nearly\u00a0<\/span>17% from nuclear power, and\u00a0<\/span>around 14% from renewables \u2013 predominantly solar.<\/span>1<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Several policies have helped\u00a0<\/span>drive the<\/span>\u00a0transition to cleaner energy\u00a0<\/span>across the state<\/span>.\u00a0<\/span>For example<\/span>, since 2003, the state\u2019s\u00a0<\/span>Renewable Energy Portfolio Standard<\/span><\/a>\u00a0<\/span>has required\u00a0<\/span>retail<\/span>\u00a0electricity suppliers to\u00a0<\/span>have a certain percentage\u00a0<\/span>of\u00a0<\/span>the\u00a0<\/span>electricity<\/span>\u00a0<\/span>they sell to customers\u00a0<\/span>come from renewable energy sources<\/span>, with the required percentage increasing each year<\/span>.<\/span>\u00a0This percentage is met through the purchase of\u00a0<\/span>renewable energy certificate<\/span>s or <\/span>RECs<\/span>.<\/span>\u00a0(<\/span>C<\/span>heck out\u00a0<\/span>this video<\/span><\/a>\u00a0<\/span>for a helpful explanation on how\u00a0<\/span>RECs work<\/span>)<\/span>.<\/span>\u00a0<\/span>Today, the\u00a0<\/span>state continues\u00a0<\/span>to explore\u00a0<\/span>opportunities<\/span>\u00a0<\/span>to create an even more\u00a0<\/span>resilien<\/span>t\u00a0<\/span>energy\u00a0<\/span>future\u00a0<\/span>by\u00a0<\/span>advancing<\/span>\u00a0<\/span>energy storage<\/span><\/a>.\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

The Compact\u2019s Role<\/span><\/i>:\u00a0<\/span><\/i>\u00a0<\/span><\/p>\n

Since it<\/span>\u00a0was formed<\/span>, t<\/span>he Compact\u00a0<\/span>has been committed<\/span>\u00a0to providing its customers with\u00a0<\/span>stable, competitive electricity prices.\u00a0<\/span>To support this mission, the Compact\u00a0<\/span>launched\u00a0<\/span>its\u00a0<\/span>power supply program<\/span><\/a>\u00a0in 2002<\/span>.\u00a0<\/span>How does this program work?\u00a0<\/span>By aggregating<\/span>\u00a0<\/span>the electricity load of participating customers<\/span>,\u00a0<\/span>the Compact can then solicit<\/span>\u00a0bids\u00a0<\/span>from suppliers\u00a0<\/span>to\u00a0<\/span>secure stable six-month pricing<\/span>.\u00a0<\/span>The Compact\u00a0<\/span>just set fixed\u00a0<\/span>rates for the upcoming pricing term<\/span><\/a>, ensuring that customers remain protected against the volatility of winter electricity prices.\u00a0\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

In addition,\u00a0<\/span>since 20<\/span>1<\/span>7, the Compact has specifically been committed to\u00a0<\/span>green<\/span><\/i>\u00a0aggregation<\/span><\/a>.\u00a0<\/span>The<\/span>\u00a0Compact\u00a0<\/span>works<\/span>\u00a0with its\u00a0<\/span>power supplier<\/span>,\u00a0<\/span>NextEra Energy Services<\/span>,\u00a0<\/span>to match 100% of\u00a0<\/span>power supply program participants\u2019 electricity use with\u00a0<\/span>RECs.<\/span>\u00a0<\/span>Even more exciting is the fact that the Compact now offers two\u00a0<\/span>power supply\u00a0<\/span>program<\/span>\u00a0options\u00a0<\/span>that enable customers to\u00a0<\/span>support\u00a0<\/span>locally-generated<\/span><\/i>\u00a0renewable energy.\u00a0<\/span>By participating in\u00a0<\/span>CLC Local Green<\/span><\/a>,\u00a0<\/span>customers can\u00a0<\/span>voluntarily choose to have\u00a0<\/span>an additional\u00a0<\/span>50% o<\/span>r\u00a0<\/span>100% of their electricity use matched with\u00a0<\/span>Massachusetts RPS Class 1 Renewable Energy Certificates (RECs)<\/span>, which\u00a0<\/span>are sourced exclusively from\u00a0<\/span>qualifying renewable\u00a0<\/span>energy<\/span>\u00a0<\/span>producers\u00a0<\/span>in New England.\u00a0<\/span>\u00a0<\/span><\/p>\n

Want to learn more about CLC Local Green?\u00a0<\/span>In our latest video,\u00a0<\/span>our Senior Power Supply P<\/span>lanner<\/span>, Austin Brandt,\u00a0<\/span>provides an in-depth explanation of how the program works<\/span>\u00a0and its benefits<\/span>. P<\/span>lus<\/span>, the video\u00a0<\/span>provides a chance to explore some nearby solar installations across the Cape.<\/span>\u00a0Check it out to learn more and\u00a0<\/span>to\u00a0<\/span>see whether you\u00a0<\/span>want to<\/span>\u00a0sign up<\/span><\/a>!\u00a0<\/span>\u00a0<\/span><\/p>\n

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