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Aggregation program will launch in March 2017 with savings of .757 cents/kWh for residential Basic Service customers.
NANTUCKET, MA – The Town of Nantucket will launch the Nantucket PowerChoice program in March 2017 with the goal of providing electricity customers on Nantucket with cost savings and new choices in their electricity supply. Nantucket PowerChoice is a municipal electricity aggregation, a form of group purchasing in which a town procures an electricity supplier on behalf of its local residents and businesses.
Through a competitive bidding process, the Town of Nantucket has selected and signed a 12-month contract with Agera Energy to supply electricity to the local community for 9.03 cents/kWh, which is less than National Grid’s Basic Service prices at program launch. With this program, the source of the island’s electricity supply will change, however National Grid will remain Nantucket’s electric utility company and will continue to deliver electricity, fix power outages, provide customer service, and handling billing.
The program will offer two new, vetted choices for electricity supply:
PowerChoice Green is an upgradable option that provides 100% green energy, primarily from regional and national wind projects, for a fixed, stable price of 9.576 cents/kWh for all rate classes, including residential, commercial, and industrial.
See full Press Release below...