City reports over $2 million in savings through electric aggregation in 2024

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Marlborough City Council reported that over .2 million was saved through the municipal energy aggregation program. (Photo/Maureen Sullivan)

Marlborough City Council reported that over $2.2 million was saved through the municipal energy aggregation program. (Photo/Maureen Sullivan)

MARLBOROUGH – The city continues to save money through its municipal energy aggregation program.

During the City Council meeting on Monday, Jan. 6, councilors Michael Ossing and Sean Navin presented the data from the city’s broker, Colonial Power, for the third quarter of 2024.

Through its contract with First Point Power, participating residents were able to save $551,601 in their electricity bills, compared to the National Grid basic service rate.

For 2024, the overall savings is more than $2.2 million.

The city’s rate is currently 0.14150 cents per kilowatt hour; this rate will be in effect until the meter reads in November 2025. National Grid’s basic rate is 0.16055 cents per kilowatt hour, and it will be in effect until the second quarter of 2025.

For information about the program, visit https://www.marlborough-ma.gov/mayors-office/pages/marlborough-community-choice-power-municipal-aggregation

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