Good Energy Incorporates Local Renewable Energy Into Communities via Innovative "Farmers' Market" Approach
NEW YORK, NY and BOSTON, MA--(Marketwired - Nov 19, 2015) - Good Energy, the industry leading consultant in Community Electricity Aggregation (CEA), announced today that in conjunction with Massachusetts Energy Consumers Alliance, a local non-profit organization, the company has succeeded in incorporating additional local renewable energy into the Community Electricity Aggregation programs for Melrose and Dedham.
Across the country, local renewable energy adoption is accelerated when the economics of its procurement align with household budgets. Good Energy continues to break new ground by helping Massachusetts communities lower their electricity costs while supporting local renewable energy.
"Mass Energy is pleased to work with Good Energy on a model that brings local renewable resources to the City of Melrose and the Town of Dedham, we hope to provide these resources to other interested communities who follow suit," said Larry Chretien, Executive Director of the Mass Energy Consumers Alliance. "In light of climate change, we all realize the need for renewable resources to reduce our overdependence on fossil fuels."
Good Energy worked closely with Mass Energy to pioneer this new approach to Community Electricity Aggregation and incorporated the commitment to use Mass Energy's locally sourced Renewable Energy Certificates (RECs) into the municipal aggregation plans that were filed with and approved by the Department of Public Utilities.
As a result, all the enrolled households and businesses in Melrose and Dedham's CEA programs will experience savings when compared to published winter rates as well as receive 5% of MA Class 1 RECs -- in addition to the state-mandated Renewable Portfolio Standard (RPS). Another advantage of Mass Energy's procurement strategy and long-term commitment is that their MA Class 1 RECs are priced 25% lower than current market rates.
"As the Community Electricity Aggregation consultant for Melrose and Dedham, we worked with the Mass Energy Consumers Alliance because they represented the best chance to leverage aggregation to stimulate demand for local renewable energy projects in the region," said Philip Carr, Director, New England Energy Sales, Good Energy. "What's unique about this approach is that with Community Electricity Aggregation, we can now bring local renewable energy into individual households at an affordable rate. It's revolutionary!"
Today's news follows the November 10th announcement that Good Energy and the Southeastern Regional Planning and Economic Development District (SRPEDD), assisted 23 southeastern Massachusetts community leaders organize to launch a regional Community Electricity Aggregation program that will significantly reduce electricity rates this winter through a bulk purchasing contract. Beginning in January 2016, the rate per kWh for electricity supply will be fixed for 24 months at $0.0949/kWh. This procurement is forecast to save 200,000 households and businesses $15 million when compared to current published winter utility rates behind Eversource and National Grid.
"What was really striking about Good Energy's approach was that all of the participating cities and towns could leverage their combined buying power and purchase at one time, while retaining their individual autonomy," said Ross Perry, Municipal Management director for SRPEDD. "Good Energy helped ensure that all individual communities received approval from the Department of Public Utilities (DPU) in record time."
This accomplishment positions Good Energy as the largest CEA consultant in the Massachusetts market. "We developed this approach in the mid-west where we have over 150 client communities, and were confident that we could bring the methodology to the Commonwealth," Carr concluded.
About Good Energy
Good Energy is the national leader in structuring and implementing Community Electricity Aggregation programs. Good Energy now serves more communities and residents than any other single energy consultant in the nation. Good Energy has pioneered a community-centric buying approach that has achieved well over a hundred million dollars in savings to households and businesses throughout the nation. Learn more about Good Energy at www.goodenergy.com and follow us on twitter @GoodEnergyUS.
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Source: Marketwired (Canada)
(November 19, 2015 - 9:35 AM EST)
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