Economic Development Research Group Blog

Community Choice Aggregation Accelerates Renewable Energy Adoption

shutterstock_renewable_energy
EDR Group and its parent EBP are involved in Community Choice Aggregation (CCA) in California, Massachusetts, cities in Switzerland and other European cities. We monitor and participate in a range of CCA efforts. The City of Newton, MA (population 89,000)  just entered a 22 month agreement that will provide 60% local renewables, procured through a competitive bid process. The standard generation price per kilowatt hour for customers will be 11.34 cents.  This compares to Eversource’s winter Basic Service rate (beginning January 1, 2019) for residential customers of 13.70 cents per kilowatt hour. The utliity’s summer rate will be higher.  Under a 1997 Massachusetts law allowing competitive electricity purchases, about 40 communities now purchase their electricity for the entire community, businesses and residences, significantly cheaper than the basic service rates provided by regulated utilities.   Community Choice Aggregations have been effective at lowering electric rates but over time they have evolved into vehicles...
Continue reading
  705 Hits
705 Hits

Latest Blogposts

Twitter Feed

Startups Are Abandoning Suburbs for Cities With Good Transit https://t.co/igaABeNq83
"A 2018 study by the Economic Development Research Group found that the Qatar Airways Cargo flights to Pittsburgh p… https://t.co/lX614cTkwq
EDR Group/EBP is a proud sponsor of this week's NYSAMPO Conference in Syracuse, NY, where earlier this afternoon, P… https://t.co/u0tlfoFb1A
 

Telephone: 1-617-338-6775 - This email address is being protected from spambots. You need JavaScript enabled to view it.

© 1997-2019 Economic Development Research Group, Inc; 155 Federal St. 6th Floor, Boston, MA 02110 USA