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A new contract for Natick’s electricity aggregation program will lower program prices beginning with July 2018 meter reads. The program price for the Standard Green, default offering will change to 11.427 cents/kWh, which is 0.815 cents below the current price of 12.242 cents/kWh. The optional Natick Basic offering will change to 11.299 cents/kWh, which is 0.843 cents below its current price of 12.142 cents/kWh.
The new contract ushers in two additional changes. Natick’s electricity supplier will change from NextEra Energy Services to Public Power. Additionally, the duration of the new contract is for 12 months, from July 2018 meter reads to July 2019 meter reads, which breaks from 6-month commitments that the program has made for the previous three contracts.
The longer contract provides program participants price stability for a full year and can provide protection from Eversource’s historical winter price increase. While the program price will be almost on par with Eversource’s July – December 2018 price, the Town of Natick anticipates it will net savings for the community over the full 12 months of the contract.
With three one-hundredths of a cent difference between them, the new program price will be slightly higher than Eversource’s July – December 2018 residential Basic Service price of 11.397 cents/kWh. Eversource’s small business price will be 11.403 cents/kWh, and the large business price will be 11.498 cents/kWh.
The program’s current 6-month contract with NextEra will expire with July 2018 meter reads when the new prices take effect. Participants will first see the new prices under the supply portion of their August 2018 Eversource bill, which covers electricity use in July. The prices are fixed until July 2019 meter reads. The new prices apply to all rate classes, including residential, small business, and large business accounts.
The program offers two alternatives to Eversource’s Basic Service:
Program prices only impact the supply portion of participants’ Eversource electricity bills.
Customers who are currently enrolled in the program under the Town’s existing contract with NextEra Energy Services will be automatically enrolled under the new contract with Public Power, as will any new Eversource Basic Service customer. Customers who have their own supplier agreement or chose to opt out of Natick’s previous aggregation can call Public Power at 1-800-930-2944 to opt in. Any Natick customer can opt in or opt out of the program with no penalty, at any time.
The new prices will be in effect from July 2018 meter reads through July 2019 meter reads. When this Public Power electricity supply contract ends, the Natick Board of Selectmen will have the choice to either negotiate a new electricity supply contract or return all program participants to Eversource’s Basic Service.
Additional details, including information on how to switch from one option to another or opt out of the program, are available at www.masspowerchoice.com/natick. Customer support is available from the Town’s consultants by email at email@example.com or by phone at 1-844-483-5004.