Next year will bring a substantial rate drop for Greenfield Light & Power electricity customers, according to a report by The Recorder.
Greenfield – a part of the Springfield, Massachusetts, metropolitan area with a population of about 17,000 – has participated in a community aggregation program since January 2015. The program does bulk purchasing of wind power and other green energy to provide members with economies of scale.
Indeed, the GL&P program is designed to provide 100 percent green electricity to all participants at a price lower than that of the current default provider, Eversource Energy.
In 2017, the average residential user (600 kWh per month) will save just over $20, as rates drop to 8.041 cents per kWh. The new prices apply to all rate classes, including residential, small commercial, and medium and large commercial accounts.
These lower rates are the result of a new 12-month contract for electric supply between Greenfield Light & Power and Public Power, a retailer licensed to provide electricity and gas in Illinois, Maryland, Massachusetts, New York, Ohio, Pennsylvania, Rhode Island, and the District of Columbia.
All metered electricity customers within the geographic boundaries of Greenfield are eligible to participate. All new Eversource basic service customers are automatically enrolled shortly after they establish an electricity account with the default utility, unless they choose to opt out of the program.
The lower rates will take effect with the customers’ first meter read after January 1 and participants will see the new rate on their February Eversource bills, The Recorder reports.
Eversource’s residential basic service rate will be 9.126 cents per kilowatt hour starting in January. The Greenfield Light & Power rate is a savings of just under 12 percent for residential customers over Eversource.
Savings for small commercial and large commercial are 14 percent and 21 percent over Eversource’s expected winter rates of 9.331 centers per kilowatt hour and 10.165 cents per kilowatt hour, respectively.
“I am very pleased to announce such an attractive rate for all Greenfield electricity customers, both residential and commercial. We are excited to extend the savings to those new Eversource customers who have opened accounts since January 2015,” Mayor William Martin said in the town’s press release, adding, “Our current offer is an especially competitive alternative for commercial customers and we look forward to expanding the program over the next year.”
The Greenfield Light & Power Standard Option is made up of just under 80 percent wind power and just over 20 percent solar and other renewable energy sources.
The new rates will be in effect through January 2018, the newspaper said.