So, simple answer is- No price change for now. At the end of the year, we need a new contract and all bets are off?
Is that it? Sent from my iPhone > On Sep 23, 2022, at 10:46 PM, Paul Shorb <[email protected]> wrote: > > > Thank you to Leslie, Sally, and others for asking how the projected price > hikes by Eversource will affect those of us participating in Lincoln's > electrical aggregation program . > > Short answer > > We all have been and will remain protected from Eversource’s price hikes, > collectively saving about $1.1 million through the end of this year, when our > current contract will expire. However, when we enter into a new contract, we > will unavoidably have to pay more due to the changed market conditions for > electricity due to the war in Ukraine etc. We hope to maintain in the new > contract at least a slight price advantage relative to Eversource customers > who aren’t in our program, and we will keep you posted. > > Detailed answer > > Our town electrical aggregation program, "Lincoln Green Energy Choice", has > protected everyone who participated from Eversource's price increases. Even > those who opted up to the "100% Green" option by agreeing to pay a little > more are nevertheless now paying less than regular Eversource customers do. > In fact, by the time our current contract ends at the end of December, > participants in the Lincoln Green Energy Choice program will have > collectively saved about $1.1 million, compared to if we had all stayed > regular Eversource customers. Yea! > > Because our contract will expire in December, we need to go out to bid in > October for the next contract. The contract contains two components, the cost > for electricity and the cost of the Class 1 Renewable Energy Credits, or > "RECs". Those RECs are what allow us to call our electricity partially > "green" (or completely green, for those of us who have chosen to opt up). > Except to the extent that we have our own solar panels, we still unavoidably > get our electricity from the regional grid, which is powered more by natural > gas than by renewables. However, our buying more RECs forces more renewables > to be built sooner, thereby speeding up "greening the grid". That's real > change, meaning actual reduction in emissions of global-warming gases. In the > next contract, we aim to keep the cost of the REC component the same as > currently. > > However, because we still must get our electricity from the regional grid, > our next contract will include a price increase reflecting the changed market > conditions. Anyone dropping out of the Town program would face the same > worsened pricing conditions. We hope that we will be able to use our contract > timing to keep the total cost of the Lincoln Green Energy Choice program -- > i.e., cost for electricity plus RECs -- less than the price for regular > Eversource customers. However, that cannot be guaranteed. As required by > state law, we will inform the public when the pricing is settled, so people > can make an informed choice. > > Opting up > > Lincoln has the state's highest percentage of people opting up to 100% Green. > Yea for us! You can still opt up at any time, by going to > https://www.masspowerchoice.com/lincoln. It’s one of the most impactful > things you can do and the additional cost is modest, so I encourage everyone > to do so. > > Paul Shorb > on behalf of the Lincoln Green Energy Committee > -- > The LincolnTalk mailing list. > To post, send mail to [email protected]. > Search the archives at http://lincoln.2330058.n4.nabble.com/. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. >
-- The LincolnTalk mailing list. To post, send mail to [email protected]. Search the archives at http://lincoln.2330058.n4.nabble.com/. Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. Change your subscription settings at https://pairlist9.pair.net/mailman/listinfo/lincoln.
