MARLBOROUGH – The city has signed a 22-month contract with a new supplier, First Point Power.
Beginning with the January meter reads, the Marlborough Community Choice Power Supply Program will have a new rate of $0.14150 per kilowatt hour for a 100% green product derived from National Wind Renewable Energy certificates.
For Marlborough residents and businesses enrolled in the city’s program, the current rate of $0.09390 per kilowatt hour will expire and the new rate of $0.14150 per kilowatt hour will take effect with the January meter readings.
This represents an increase of just under $29 per month on the supply side of the bill, given an average usage of 600 kilowatts per hour. However, this new rate is 22% lower than National Grid’s recently announced Residential Basic Service rate of $0.18213 per kilowatt hour. Residents can expect to see an average savings of $24 per month for the months of January through July.
“Although electricity prices have risen over the years since the previous contract was signed, we are pleased to be able to provide meaningful cost savings to our residents on their electricity bills this winter,” said City Council President Michael Ossing. “The goal of the program is to lock in a competitive price that can offer savings now and provide stability for the next 22 months.”
“We are pleased to continue this vital program to provide stability and cost savings to our residents on their electricity bills this heating season. Residents who participate in our program will continue to see savings over National Grid’s basic service rates,” said former Mayor Arthur G. Vigeant.
Marlborough launched its electricity program in June 2007 to develop an energy program that would be stable and affordable. From inception through June 2023, the program has saved residents and small businesses over $30.3 million in electricity costs as compared to basic service.
It is important to note that no action will be required by individual consumers. This change will be seen on the February bills. All accounts currently enrolled in the program will see the new rate and First Point Power under the “supply services” section of their monthly bill.
The Marlborough Community Choice Power Supply Program has no fees or charges. However, anyone switching from a contract with a third-party supplier may be subject to penalties or early termination fees charged by that supplier. Ratepayers should verify terms with their current supplier before switching.
National Grid has several programs to help income-eligible families and customers needing special assistance meet their energy needs. To learn more, visit nationalgridus.com/MAHome/Bill-Help/Payment-Assistance-Programs.
Residents may also visit colonialpowergroup.com/marlborough or call 866-485-5858, ext. 1, to learn more about Marlborough’s Community Choice Power Supply Program or to opt-in or opt-out.
