{"id":4502,"date":"2013-12-09T21:13:20","date_gmt":"2013-12-10T02:13:20","guid":{"rendered":"https:\/\/www.capelightcompact.org\/press-release\/2014prices\/"},"modified":"2013-12-09T21:13:20","modified_gmt":"2013-12-10T02:13:20","slug":"2014prices","status":"publish","type":"press-release","link":"https:\/\/www.capelightcompact.org\/es\/press-release\/2014prices\/","title":{"rendered":"2014 Power Supply Prices Announced"},"content":{"rendered":"<p><span style=\"font-size: medium;\"><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\"><strong>FOR MORE INFORMATION PLEASE CONTACT<\/strong><\/span><\/span><\/span><\/p>\n<p><strong><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">Stephan Wollenburg (508) 375-6623<\/span><\/span><\/strong><\/p>\n<p><a href=\"mailto:swollenburg@capelightcompact.org\"><strong><span style=\"color: #0000ff; font-family: Times New Roman;\">swollenburg@capelightcompact.org<\/span><\/strong><\/a><strong><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">\u00a0<\/span><\/span><\/strong><\/p>\n<p><strong><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">For Immediate Release: December 9, 2013<\/span><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\"><strong><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">Cape Light Compact Announces Power Supply Prices for 2014<\/span><\/span><\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\"><strong>Barnstable, MA, December 9, 2013 <\/strong>\u2013Cape Light Compact is pleased to announce its prices for calendar year 2014. The power supply price for calendar year 2014 for residential customers and small commercial\/industrial (\u201ccommercial\u201d) customers is 9.090 cents per kWh. The power supply price is 11.27 cents per kWh for medium and large commercial\/industrial (\u201cindustrial\u201d) customers for the January through July 2014 time period.\u00a0\u00a0\u00a0\u00a0<\/span><\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">Electricity prices, including Cape Light Compact\u2019s, are higher than the previous six months for two reasons. First, the price of electricity in New England is based on the delivered price of natural gas into the region. While natural gas prices (the \u201ccommodity\u201d) have risen slowly over the last two years, the cost to deliver natural gas into New England (the \u201cbasis\u201d) has skyrocketed. During periods of high demand, such as in the winter when natural gas is used for heating as well as for electricity generation, the infrastructure delivering natural gas into the region is strained, resulting in high and very volatile basis prices during the peak winter months.\u00a0\u00a0<\/span><\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">This situation is coupled with an additional pricing stress this year as a result of a program approved by Federal Energy Regulatory Commission (\u201cFERC\u201d) which will be implemented by Independent System Operator-New England (\u201cISO-NE\u201d) which addresses the region\u2019s over-dependence on natural gas for electricity generation. This program is called the \u201cwinter reliability program\u201d and is meant to ensure that, in the event this winter is unusually harsh, there will be enough non-natural gas generation available to meet the region\u2019s needs.<\/span><\/span><\/p>\n<p><span style=\"font-family: Calibri;\"><span style=\"color: #000000;\">Dr. Joyce Flynn, Chairman of Cape Light Compact, stated \u201cthe Compact, working with its staff, made a decision to lock in prices for the entire 2014 calendar year in order to save customers money during this critical first half of the year, which includes the winter months, by offering a very competitive price, and one that is below the local distribution company. Providing a fixed price for residential and commercial customers also provides price certainty for the entire year, which is particularly important during volatile time periods such as this winter. The Compact recognizes that while our prices may be higher than other competitive suppliers and the local distribution company in the second half of 2014, price certainty will benefit customers if we have an unusually hot summer, which could lead to another period of strain on our natural gas infrastructure.\u00a0 As always, customers have a choice in whom they select for power supply, and the Compact encourages customers to consider and review their options.\u201d<\/span><\/span><\/p>\n<p><strong><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">ABOUT CAPE LIGHT COMPACT<\/span><\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">Cape Light Compact is an intergovernmental organization consisting of the 21 towns and two counties on Cape Cod and Martha\u2019s Vineyard. The Compact\u2019s mission is to serve our 200,000 customers through the delivery of proven energy efficiency programs, effective consumer advocacy, competitive electricity supply and green power options. For more information, visit www.capelightcompact.org or call 1-800-797-6699.<\/span><\/span><\/p>\n<p style=\"text-align: center;\">\u00a0<span style=\"font-size: medium;\"><span style=\"color: #000000;\"><span style=\"font-family: Calibri;\">###<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000; font-family: Calibri; font-size: medium;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_links_to":"","_links_to_target":""},"class_list":["post-4502","press-release","type-press-release","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2014 Power Supply Prices Announced - Cape Light Compact<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capelightcompact.org\/es\/press-release\/2014prices\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2014 Power Supply Prices Announced - Cape Light Compact\" \/>\n<meta property=\"og:description\" content=\"FOR MORE INFORMATION PLEASE CONTACT Stephan Wollenburg (508) 375-6623 swollenburg@capelightcompact.org\u00a0 For Immediate Release: December 9, 2013 &nbsp; 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