{"id":4598,"date":"2019-05-30T18:52:06","date_gmt":"2019-05-30T22:52:06","guid":{"rendered":"https:\/\/www.capelightcompact.org\/press-release\/cape-light-compact-announces-lower-electricity-pricing\/"},"modified":"2019-05-30T18:52:06","modified_gmt":"2019-05-30T22:52:06","slug":"cape-light-compact-announces-lower-electricity-pricing","status":"publish","type":"press-release","link":"https:\/\/www.capelightcompact.org\/pt-br\/press-release\/cape-light-compact-announces-lower-electricity-pricing\/","title":{"rendered":"CAPE LIGHT COMPACT ANNOUNCES LOWER ELECTRICITY PRICING"},"content":{"rendered":"

For More Information Contact:<\/p>\n

Maggie Downey, Compact Administrator \u2013 (508) 737-3774<\/p>\n

mdowney@capelightcompact.org<\/a><\/p>\n

PRESS RELEASE<\/p>\n

For Immediate Release:\u00a0 May 30, 2019<\/p>\n

CAPE LIGHT COMPACT ANNOUNCES<\/strong> LOWER ELECTRICITY PRICING<\/strong><\/p>\n

South Yarmouth, MA \u2013<\/strong> Cape Light Compact (\u201cCLC\u201d) is pleased to announce a decrease in electricity prices for its standard green aggregation power supply program and its CLC Local GreenSM<\/sup> program for the next six-month term, beginning on customers\u2019 June 2019 meter read dates and ending on December 2019 meter read dates. With this new pricing for the upcoming term, the Compact\u2019s power supply program will continue to provide cost savings to customers against the utility\u2019s basic service pricing and support renewable energy resources.<\/p>\n

The Compact\u2019s new standard residential pricing, which starts on customers\u2019 June meter read dates, will be 10.699 cents per kilowatt-hour (kWh), a three-cent price decrease from current rates. Customers will see this price reflected on the bills that they receive in July. The average residential customers using 580 kWh per month will see a savings of about $16 per month compared with current rates. In aggregate, CLC power supply customers are expected to save approximately $670,000 compared to the utility\u2019s basic service rate over the upcoming term.<\/p>\n

\u201cWith the summer almost here, we\u2019re pleased to be able to provide a cost savings to our customers at a time when many of them are seeing increased usage due to cooling and dehumidifying needs,\u201d said Maggie Downey, Compact Administrator. \u201cAlong with the cost savings, we\u2019re still able to offer our customers a power supply option that doesn\u2019t come with a contract or any surprise fees and supports additional renewable energy development.\u201d<\/p>\n

Since December 2016, the Compact\u2019s green aggregation power supply program has supported renewable resources by matching all customers\u2019 electricity usage with renewable energy certificates (RECs), by purchasing RECs from New England-based projects above Massachusetts state requirements, and by helping to finance new renewable energy projects directly through the EarthEra Renewable Energy Trust, including a solar farm in Vermont.<\/p>\n

In February, the Compact launched a new, opt-in power supply program called CLC Local Green. CLC Local Green offers customers the option of paying a little more per kWh to have either 50% or 100% of their electricity usage matched with Massachusetts Class 1 RECs from New-England based renewable energy projects, including several on Cape Cod. Customers who sign up for CLC Local Green still receive all of the benefits and protections of the Compact\u2019s standard power supply program, while \u00a0helping to expand renewable energy development in New England.<\/p>\n

\u201cSome customers have expressed an interest in doing even more to support local renewable energy through the Compact\u2019s power supply programs, and now CLC Local Green gives customers that option. With the Compact\u2019s lower pricing in effect for the upcoming term, now may be a good time to think about switching to one of the CLC Local Green options if you want to do more to support local renewable energy development,\u201d said<\/p>\n

The Compact\u2019s new commercial rate for June 2019 through December 2019 meter read dates will be 10.399 cents per kWh, and the industrial rate for the period of June 2019 through September 2019 meter reads will be 9.556 cents per kWh, both of which are lower than the local utility\u2019s filed basic service rates over the comparable term.<\/p>\n

Summer often means more guests in the house and turning the air conditioning and dehumidifiers back on for the season, so for many customers, this is the time of the year when their electricity usage is highest. The Compact always reminds customers to look for ways to save energy to reduce their bills by using less kilowatt-hours.<\/p>\n

\u201cWhile we are excited to continue offering an affordable and renewable power supply, we still like to remind our customers that the quickest way to reduce your energy bill is by using less, and the best way to do that is to make sure your house or business is as efficient as possible. Cape Light Compact offers business and home energy assessments which can help get you on track to save money and keep cool this summer. We also have great incentives for cold climate heat pumps which can help keep you cool all summer long. We encourage customers to call our energy efficiency hotline at 1-800-797-6699 to get started and find out how they can save this summer,\u201d said Downey.<\/p>\n

To learn more about or sign up for the Compact\u2019s standard power supply offering or one of the CLC Local Green options, visit www.capelightcompact.org<\/a> or call 1-800-381-9192.<\/p>\n

New Pricing:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\nResidential<\/td>\nCommercial<\/td>\nIndustrial<\/td>\n<\/tr>\n
Cape Light Compact Standard Rate<\/td>\nPrice:<\/td>\n10.699 cents\/kWh<\/td>\n10.399 cents\/kWh<\/td>\n9.556 cents\/kWh<\/td>\n<\/tr>\n
Term:<\/td>\nJune \u201919 \u2013 December \u201919 meter reads<\/td>\nJune \u201919 \u2013 December \u201919 meter reads<\/td>\nJune \u201919 \u2013 September \u201919 meter reads<\/td>\n<\/tr>\n
Cape Light Compact Local Green 50%<\/td>\nPrice:<\/td>\n11.999 cents\/kWh<\/td>\n11.699 cents\/kWh<\/td>\n10.856 cents\/kWh<\/td>\n<\/tr>\n
Term:<\/td>\nJune \u201919 \u2013 December \u201919 meter reads<\/td>\nJune \u201919 \u2013 December \u201919 meter reads<\/td>\nJune \u201919 \u2013 September \u201919 meter reads<\/td>\n<\/tr>\n
Cape Light Compact Local Green 100%<\/td>\nPrice:<\/td>\n13.399 cents\/kWh<\/td>\n13.099 cents\/kWh<\/td>\n12.256 cents\/kWh<\/td>\n<\/tr>\n
Term:<\/td>\nJune \u201919 \u2013 December \u201919 meter reads<\/td>\nJune \u201919 \u2013 December \u201919 meter reads<\/td>\nJune \u201919 \u2013 September \u201919 meter reads<\/td>\n<\/tr>\n
Eversource Basic Service (as filed at DPU)<\/td>\nPrice:<\/td>\n10.836 cents\/kWh<\/td>\n10.524 cents\/kWh<\/td>\n9.665 cents\/kWh<\/td>\n<\/tr>\n
Term:<\/td>\n7\/1\/19 – 12\/31\/19<\/td>\n7\/1\/19 \u2013 12\/31\/19<\/td>\n7\/1\/19 – 9\/30\/19<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

ABOUT CAPE LIGHT COMPACT JPE<\/strong><\/p>\n

Cape Light Compact JPE, is an award-winning energy services organization operated by the 21 towns on Cape Cod and Martha\u2019s Vineyard and Dukes County. The Compact\u2019s mission is to serve its 205,000 customers through the delivery of proven energy efficiency programs, effective consumer advocacy and renewable competitive electricity supply. For more information, visit www.capelightcompact.org<\/a>.<\/p>\n

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