Cape Light Compact Going 100 Percent Renewable and Announces Competitive Pricing

Cape Light Compact Administrator Maggie Downey (left) with Mark Palanchian, a representative with NextEra Energy Services.

BARNSTABLE –Cape Light Compact has announced that its aggregation power supply load is going with 100 percent renewable power.

The Compact has teamed up with NextEra Energy Services to provide low price electricity to all of its customers.

The partnership and news was announced at a press conference on Wednesday at the Barnstable County Complex, OpenCape Building.

The agreement will provide EarthEra renewable energy certificates (RECs) equal to 100 percent of the Compact’s customers’ energy usage in addition to all RECs required to comply with state Renewable Portfolio Standards.

“What NextEra is bringing to the table, competitive and lower electric prices for Cape Cod and Martha’s Vineyard customers, coupled with support for new renewable energy projects, represents the type of partnership that I have been working towards as a Compact board member,” said Bob Schofield, Vice Chairman of the Cape Light Compact.

The Compact’s EarthEra program participation will also direct up to $3 million annually into the EarthEra Renewable Energy Trust.

The Compact’s agreement with NextEra Energy Services requires that 100 percent of all proceeds deposited in the Trust be used to develop new renewable projects in North American and within the New England area.

The agreement will also support locally-sourced renewable energy from the New Bedford Landfill Gas Utilization Project and seven rooftop solar systems installed through the Cape and Vineyard Electrical Cooperative.

The Compact selected NextEra Energy Services through a competitive process in 2014 to provide electricity to commercial customers on Cape Cod and Martha’s Vineyard.

A contract has been extended between the Compact and NextEra Energy Services through December 2018 to provide electricity to all of the Compact’s electric customers.

The electricity provided will be price competitive with Eversource’s basic service, according to Compact Administrator Maggie Downey.

“We’re definitely below in all classes, residential rates, commercial rates and industrial rates, and we’re very proud, we work really hard and we’re really proud of that,” said Downey.

The Cape Light Compact serves 200,000 customers on the Cape and Vineyard.

By JUSTIN SAUNDERS, CapeCod.com Newscenter

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