Good Energy, Joule Assets to Manage NY Community Choice Aggregation

townJoule Assets is working with Good Energy to advance community choice aggregation (CCA) in cities across New York.

Joule Assets is a provider of financing solutions for the energy efficiency and demand management industries, and Good Energy is a national consultant of large-scale community energy aggregation.

New York has become the seventh state in the country to allow for this type of CCA energy aggregation within a city or municipality. States like Massachusetts, Ohio, Illinois and California have already implemented large-scale electricity aggregations that can provide savings for residents and small commercial businesses. Community Choice Aggregation shifts energy supply services for customers who were previously buying from the utility to an energy services company that is determined by the municipality. The utility continues to provide poles, wires, maintenance and reliability, even to bill consumers. The only change to consumers is the price they pay.

Joule Assets’ CEO, Mike Gordon was the first in New York to petition for, then be granted the right to form the state’s first ever CCA. Gordon also serves as co-chair for the non-profit organization, Sustainable Westchester, which is currently delivering on the state’s first CCA demonstration project.

Good Energy currently manages energy procurement for 1 percent of the US population.

Photo of small town via Shutterstock.

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