Submitted by the Town of Bedford
Eversource Residential Basic Service Rate Starting July 1: $0.10836 per kWh ~ Bedford Community Choice Aggregation Program Rate with 5% More Local Renewable Energy: $0.10512 per kWh
The Town of Bedford will be rolling out the Bedford Community Choice Aggregation Program in August 2019. The plan, developed by Bedford municipal officials and dedicated committee volunteers, with the assistance of Good Energy, LP, implements the goal of providing residents and businesses with more stable electricity rates, additional options for renewable energy, and the potential for lower electricity prices.
On May 20, 2019, Eversource announced the Residential Basic Service rate of $0.10836 per kilowatt-hour (kWh) for the period July 1, 2019 to December 31, 2019. In comparison, the Community Choice Electricity Aggregation residential rate with five percent more renewable energy is $0.10512 per kWh from August 2019 to December 2019 and $0.11100 from December 2019 to December 2021. Continued savings under the CCA program compared to the Eversource Residential Basic Service rate are not guaranteed because the Basic Service prices change in July and January of each year.
Dynegy, the Town’s third-party electricity supplier, will be mailing a detailed letter and post-card to all residents in June that will provide full program details. Additionally, the Town and consultant will be hosting meetings at the Senior Center to give residents the opportunity to learn all about the program. All Bedford residential and business accounts on Eversource Basic Service will automatically be enrolled in the program as of their August 2019 meter read. Residents who wish to leave the Community Choice Aggregation program will be advised to contact Dynegy directly. Participants may leave the program at any time and for any reason without any associated termination fees or penalties.
Program information is available at www.BedfordCCA.com.
About Good Energy, LP
Good Energy, LP is the national and Massachusetts leader in municipal aggregation, known more commonly as Community Choice Electricity Aggregation. Good Energyis the industry leader in developing best practices in structuring, implementing and managing municipal energy aggregation programs, serving more communities and residents than any other aggregation consultant in the United States. Good Energy currently has more than 200 active Community Choice Electricity Aggregation programs nationally, serving over 2,000,000 residents. In Massachusetts, Good Energy has 33 Community Choice Electricity Aggregation programs with over 329,000 households and over 837,000 residents. Municipal aggregation plans for eight additional municipalities with over 38,000 households and over 100,000 residents are in various stages of development and/orare awaiting Department of Public Utilities approval.