At an Aug. 14 meeting, the Medford, Massachusetts, City Council will vote on adopting an electricity aggregation plan which would allow the community to buy power in bulk with the goal of reducing the cost for residents and businesses.
During a meeting this past February, the Medford City Council voted to develop an aggregation program to provide Medford residents with a competitive supplier of electricity. The plan aims to lower electricity costs, achieve long-term price stability, and provide more renewable energy options.
In addition to potentially saving money, the program also supports the city’s goals to reduce carbon emissions. Electricity through the program will provide 5 percent more renewable energy than required by Massachusetts law. Residents have the option to increase renewable energy use to 100 percent.
The City of Medford selected New York City-based Good Energy as its aggregation consultant to develop the program, implement a public outreach and education program about the process, and guide the city through the state’s Department of Energy Resources (DOER) and Department of Public Utilities review and approval process. Good Energy will also request and manage proposals for a competitive electricity supplier, monitor the program and submit reports to the mayor, city council and DOER.
“We’re excited to be working with the Medford to help residents and businesses save money through community electricity aggregation,” says Stefano Loretto, Director of Business Development for Good Energy. “As Medford looks for ways to utilize more green energy, Good Energy will be there to help every step of the way.”
In Massachusetts, Good Energy has partnered with 23 cities and towns from the South Coast to northern Middlesex County. As the second-largest electricity buying program in the United States, with more than 200,000 households, this group saved about $8 million through the first two-year supply contracts brokered by Good Energy. Nationally, Good Energy has designed and operated energy programs for more than 700 municipalities comprised of more than 3 million customers in 21 states. Serving about 1 percent of the U.S. energy market, Good Energy programs have saved residential, commercial and industrial customers hundreds of millions of dollars.