PLEASE NOTE: Beginning in January, prices for Lincoln Green Energy Choice, Lincoln’s electricity aggregation program, will decrease by more than 6 cents/kWh for all program participants. The new prices will take effect as the current electricity supply contract with First Point Power ends and a new, 24-month contract with First Point Power takes effect. Most participants will also receive more electricity from renewable sources and a price that is lower than Eversource’s winter residential Basic Service price, though future savings compared with Eversource cannot be guaranteed.
The new prices and associated renewable content for each option are as follows: *Lincoln Standard Green* – Lowering to 16.093 cents/kWh. Participants in Standard Green already receive an additional 32% of their electricity from renewable sources, “additional” meaning above the minimum required by state law. With the new contract, that additional amount will increase to 38% in 2024 and 44% in 2025. Most participants are enrolled in Lincoln Standard Green. *Lincoln 100% Green* – Lowering to 17.348 cents/kWh. This option will continue to provide 100% of participants’ electricity from renewable sources. *Lincoln Basic* – Lowering to 14.631 cents/kWh. This option will continue to provide an additional 2% of participants’ electricity from renewable sources. Lincoln prioritizes helping to build demand for new renewable energy projects on the New England grid. As a result, the additional renewable energy that is purchased for each program option, over and above the minimum amount required by state law, is from new renewable projects in the New England region (MA Class I RECs). The new prices are designed to provide long-term stability and are fixed for 24 months, from January 2024 to January 2026. In addition, the Lincoln Green Energy Choice Standard Green and Lincoln Green Energy Choice Basic prices are below Eversource’s January 1 residential Basic Service price of 17.25 cents/kWh. However, Eversource’s Basic Service prices change and future prices are unknown. As a result, future savings compared with Eversource cannot be guaranteed. Lincoln Green Energy Choice has a track record of providing measurable value to participants, including providing price protection during last winter’s volatile electricity market. Lincoln Green Energy Choice has saved participants more than $1.4 million since the program’s 2021 launch through September 2023. In addition, because all program participants buy more electricity generated from renewable sources than is required by law, Lincoln Green Energy Choice has helped the community to avoid more than 12 million pounds of CO2 emissions. This is equivalent to the emissions associated with more than 1,211 gasoline-powered passenger vehicles for a year. No action is required for current Lincoln Green Energy Choice participants. All active program participants will automatically be enrolled into the new First Point Power contract with their January 2024 meter read. The new program price will first appear on February 2024 Eversource electric bills, and the electricity supplier will be listed as “Lincoln Green Energy Choice.” Participants will be enrolled in the same program option they have in the current First Point Power contract. However, participants may choose a different program option or leave the program before the new First Point Power contract takes effect, and at any time in the future, with no penalty or fee. To enroll, make changes to enrollment, or get more information, please visit the program website at LincolnGreenEnergyChoice.com or contact customer support with Lincoln’s program consultants at 1-844-651-8919. Large commercial accounts are subject to special terms and conditions. __________________________________________ Daniel Pereira Assistant Town Administrator Town of Lincoln, MA www.Lincolntown.org <http://www.lincolnrec.com/> P (781) 259-2603 C (781) 389-0280 F (781) 259-8735 [email protected]
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