MARLBOROUGH – There’s good news from the city’s electricity aggregation program.
In a letter to the City Council, the Ad Hoc Municipal Aggregation Committee reported that residents in the program saved more than $3.8 million on their electricity bills during the fourth quarter of 2022 compared to National Grid rates.
“It’s the largest quarter ever,” said Councilor Laura Wagner, the council’s representative on the committee.
In addition, the committee said the savings will continue for the first quarter of 2023.
“The city rate is lower than the National Grid winter basic service rate of 0.33891 $/kWh,” said Wagner. “This is significant as the city residents will continue to see savings over the National Grid basic service rate and the requirements in order 19- 1007578B will be satisfied by ‘on a yearly average lower than the National Grid Basic Service rates during the same time period.’”
The current contract with Inspire runs until 2024.
Wagner said, “It is unlikely the new contract in 2024 will have rates as low as the current 0.09390 $/kWh. The Municipal Aggregation Committee is working with the Colonial Power Group to monitor market conditions and obtain new rates.”
More information is available via https://www.marlborough-ma.gov/mayors-office/pages/marlborough-community-choice-power-municipal-aggregation.
