Cape Light Compact Announces New Supplier For Aggregation, Pricing
December 21,2016
The Cape Light Compact announced that NextEra Energy Services Massachusetts, LLC will supply all of its aggregation customers starting in 2017.
Previously, NextEra Energy served only non-residential accounts at the Cape Light Compact, while ConEdison Solutions supplied residential accounts.
The Cape Light Compact's new contract with NextEra Energy includes 100% green supply, and will provide additional renewable energy certificates (RECs) equal to 100% of the Compact’s customers’ energy usage in addition to all RECs required to comply with Massachusetts Renewable Portfolio Standards.
The Compact said that the new residential rate, 9.930 cents/kWh for Jan-Jun 2017, is slightly below the Nstar rate for the same period
The Compact's agreement with NextEra Energy will also direct up to $3 million annually into the NextEra's EarthEra Renewable Energy Trust. The Compact’s agreement with NextEra Energy Services requires that 100% of all proceeds deposited in the Trust are to be used to develop new renewable projects in North America with an effort to direct those funds to projects within the New England area.
The Compact’s new commercial rate for December 2016 through June 2017 meter read dates is 9.700 cents per kilowatt hour. The Compact’s new Industrial rate for December 2016 through March 2017 meter read dates is 9.800 cents per kilowatt hour. Both are slightly lower than Eversource’s basic service price, the Compact said