Cape Light Compact Announces New Electric Rates

YARMOUTH – Cape Light Compact has unveiled their new supply rates for its green aggregation power supply.

Pricing goes into effect this month and runs through next July.

The new rate for residential pricing is 12.941 cents per kilowatt-hour.

Senior Power Supply Planner Austin Brandt said the increased rate was to be expected as the cold winter months arrive.

Pricing in New England for electricity is higher across the board this time of year, he explained.

“We have had to increase our rate versus our current rate a little bit, but we are happy to provide a seven month, fixed stable price for customers that’s going to be competitive with the utilities,” Brandt said.

The company has been matching all customers’ electricity usage with purchased renewable energy certificates via the green aggregation power supply program.

They have been working to support alternative sources of power with this program since 2016.

Brandt noted that customers need to be aware of how much power is being consumed to keep their homes warm in the winter.

“We are really encouraging customers to make sure their home is as tight as possible and as energy efficient as possible,” he said.

The new commercial rate is 12.629 cents, and the new industrial rate is 12.797 cents.

About Brendan Fitzpatrick

Brendan, a recent graduate from the University of Massachusetts Amherst, is one of the newest members of the NewsCenter team. When not on the beat, you'll probably find him watching Boston sports.
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