Cape Light Compact Offering Renewable Energy Option

SOUTH YARMOUTH – Cape Light Compact has announced a new power supply option for home and business owners on Cape Cod and Martha’s Vineyard.

Cape Light is rolling out “CLC Local Green,” which will allow customers the option of having either an additional 50-percent or an additional 100-percent of their annual electricity usage matched with Massachusetts Class 1 Renewable Energy Credits (RECs).

Electricity suppliers are required to purchase an increasing amount of Class 1 RECs every year to meet state requirements for renewable energy purchases, resulting in extra support for local renewable resources.

“The Cape Light Compact became a green aggregation in 2017, meaning our default power supply product – our standard offering, is actually 100-percent renewable, but a lot of the resources we use for that product are from outside of New England,” said Senior Power Supply Planner Austin Brandt.

“This product allows those customers to have that option to pay a small premium on their electric bill every month and actually be sourcing their renewable energy certificates from New England.”

Cape Light says power supply customers are creating additional demand for Class 1 RECs by voluntarily purchasing additional Class 1 RECs, incentivizing more renewable energy development in New England.

“In community engagement and speaking with various stakeholders, we realized there a lot of customers that are interested in supporting local New England based resources,” Brandt added.

The company says that Local Green RECs will be sourced from renewable resources located in New England, including several solar facilities on Cape Cod.

“All electric power comes from the regional power grid, which is fed by a variety of resources. But what this does is it allows customers who choose to participate to match their usage with either 50-percent or 100-percent Massachusetts Class 1 Renewable Energy Certificates, and these certificates represent the environmental attributes of that energy that their using from renewable resources,” Brandt explained.

The RECs offered through the program are in addition to the renewables already being supported through the Compact’s standard green aggregation offering. All of the benefits and protections of the Compact’s standard green aggregation offering still apply, but CLC Local Green customers will be providing extra support for renewable energy based in New England and on Cape Cod.

Pricing premiums for the CLC Local Green options are 1.3 cents/kWh for CLC Local Green 50-percent, and 2.7 cents/kWh for CLC Local Green 100-percent. These are in addition to the price of the Compact’s standard green aggregation power supply.

By TIM DUNN, News Center 

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