Electricity Aggregation Program December 14 2020 Electricity Aggregation

Electricity Aggregation Program December 14, 2020

Electricity Aggregation Program • What is Electricity Aggregation? • Electricity was deregulated in 1998 in Massachusetts • This started open market pricing of electricity and allowed third parties to sell electricity • The electric utility will continue to provide service and will be the provider of last resort • Their price for supply will change every six months by law – the utility cannot negotiate a long- term contract for supply • This inhibits the ability of the utility to be the lowest cost provider because they cannot lock in pricing to take advantage of low -priced markets

Electricity Aggregation Program • The Town of Dartmouth joined with 22 other communities to develop a program that allows residents to purchase electricity through a competitive bidding process. • The Town participated in contract development and review with the Town’s legal representative. • Dartmouth residents can participate in the program or can exercise an option to decline to participate, that is, opt out.

Evaluating the Electric Aggregation Program

Current Contract Details Electricity Aggregation Program • Supplier – Public Power • Rate - $0. 1043 per k. Wh – This is the Supplier Rate and found on your electric bill under “Supplier” • Term – Ends January 2021 New Contract Details Disclaimer: A goal of the CEA program is to produce savings for customers, but savings cannot be guaranteed compared to the utility’s basic service rate which changes every six months for Residential and Commercial customers, and every three months for Industrial customers. The aggregation program seeks to provide price stability and average savings over the full term of the program, but because future basic service rates are not known, there is no guarantee of savings.

Electric Aggregation Program. New contract rate options Option 1 – Default Option 2 – 50% Rate Local Green Option 3 – 100% Local Green Rates $0. 10470 per k. Wh $0. 1224 per k. Wh $0. 14019 per k. Wh Description Includes 27% renewable energy as required by Mass Law Includes 50% renewable energy Includes 100% renewable energy Renewable energy is energy from solar, biomass, landfill gas, wind turbines, hydropower, or other renewable energy generating resource. All the additional renewable energy is designated as MA Class I

Electric Aggregation Program – Current Utility Supply Rates Eversource rates, January 1 – June 30, 2021 RESIDENTIAL $0. 11882 per k. Wh COMMERCIAL $0. 11173 per k. Wh INDUSTRIAL(NEM A) $0. 11423 per k. Wh INDUSTRIAL(SEM A) $0. 10749 per k. Wh

Electricity Aggregation Program • Residents will receive information by mail about the new rates and choices • Residents will have the ability to opt-out of the program • Residents can review more information on the Town of Dartmouth Website

Electric Aggregation Program – Communication Timeline • Dec 21 – Update Dartmouth Select Board • Dec 22 – Post presentation deck on website; post other links of interest • Jan 4 – Dartmouth DCTV releases informational presentation • Jan 6 and 7 – Dartmouth residents receive a mailing regarding the program changes • January 2021– Dartmouth residents receive their Jan electric bill with notice of supplier change

Electricity Aggregation Program • More information about the program: • Website: masscea. com/dartmouth/ • Program Phone number (Good Energy): 844 –MASSCEA or 844 -627– 7232 • New Supplier: Constellation New. Energy 833 -461 -0813

Energy Links • Energy Information Administration • https: //www. eia. gov/ • US Dept of Energy • https: //www. energy. gov/ • Mass Dept of Public Utilities • https: //www. mass. gov/orgs/department-of-public-utilities • ISO-New England (NE Grid Operator) • https: //www. iso-ne. com/ • Mass Dept of Energy Resources • https: //www. mass. gov/orgs/massachusetts-department-ofenergy-resources