Cambridge Community Electricity Program offers new prices, three years of price stability
The City of Cambridge has signed a 36-month electricity supply contract with Direct Energy for its Cambridge Community Electricity Program, begun in July 2017 to use group buying power to negotiate lower prices and increase the amount of renewable energy. The new contract means prices and three years of price stability to all program participants beginning this month.
Billing is by Eversource. But participants in the default Standard Green offering will see prices drop to 10.20 cents/kWh from 11.12 cents – lower than Eversource’s residential price of 11.795 cents through June. (Eversource prices change every six months for residential and small business customers, and may go lower.) Participants in the 100% Green Plus option, which provides all-green electricity by buying renewable energy certificates from within New England, will see an increase to 13.669 cents/kWh from 11.94 cents, but help encourage more renewable energy on the local power grid.
The city collects $0.002/kWh from electricity bills that will be pay for a local solar project.
New electricity accounts in Cambridge are enrolled automatically, but participation is not required. Program participants can opt out of the program at any time with no penalty or fee and return to Eversource’s Basic Service.