Quincy Community Electricity Launching June 2024 with Rate of 13.804 ¢kWh

Quincy Community Electricity Launching June 2024 with Rate of 13.804 ¢kWh:

Quincy, MA -- Quincy will join 170 cities and towns across Massachusetts by seeking a cheaper and cleaner electric supply for residents and businesses beginning in June.

Quincy Community Electricity is a municipal aggregation program first approved by the City Council 2018 and approved by the state Department of Public Utilities earlier this year that allows the City to seek competitive bids from electric suppliers.

Quincy Community Electricity will offer three new electricity supply options to all Quincy residents and businesses. The City’s primary offering, Quincy Standard, will cost nearly 5 cents less per kilowatt-hour than the current National Grid Residential Basic Service rate while also providing an additional 10% renewable energy.

Quincy residents and businesses may also choose from two other options: Quincy Premium, which adds voluntary renewable energy (MA Class I RECs) to total 100%, and Quincy Basic which provides maximum cost-savings and meets the State minimum standards for renewable energy.

Quincy residential and business electricity customers using National Grid Basic Service supply are automatically enrolled in the Quincy Standard as of their June meter read. But participation is voluntary. Anyone that does not want to participate may opt out without penalty, either before the program begins or at any time during the program.

This month, all eligible customers will receive a Notification Letter on behalf of the City from the chosen electricity supplier for the program, Dynegy Energy Services, LLC. The letter will notify them of the upcoming enrollment and provide instructions on how to choose a different program option other than Quincy Standard or how to opt out of the program (i.e., not participate) before the program starts.

While savings are not guaranteed, officials expect Quincy Community Electricity will provide long-term price stability, with prices fixed for 42 months, until December 2027. The program will also support the growth of renewable energy here in New England because all additional renewable energy will come from “Class I” sources. Those are primarily wind and solar, all located within New England.

Electricity customers who are currently enrolled with a third-party supplier will not receive the Notification Letter and will not be automatically enrolled. These customers can voluntarily join the program but are advised to check with their current supplier in case it may charge penalties or early termination fees if they leave that supplier during the term of their contract.

Participation in Quincy Community Electricity will only change the “Supply” portion of your National Grid electricity bill. National Grid will continue to manage electricity billing, maintain poles and wires, and respond to storm outages. Customers using budget billing or receiving low-income rate discounts will continue to receive those discounts without interruption. Similarly, customers receiving net metering or other solar benefits will continue to receive those benefits.

A community meeting to answer questions about the program is scheduled for 6 p.m. on Tuesday, April 23, at the Kennedy Center on East Squantum Street. For more information about Quincy Community Electricity, go to www.quincycea.com or call (857) 209-7741.

The table below shows the prices for Quincy Community Electricity, compared to National Grid Basic Service. Quincy Community Electricity prices apply to all Residential, Commercial, and Industrial customers:

The program cannot guarantee savings beyond the current term of National Grid Basic Service, as stated in the table above, because future Basic Service rates are unknown. But programs such as this have historically created savings over the course of the community's contract when compared to their utility's Basic Service.

*Voluntary Renewable Energy is in addition to the State’s required renewable energy content for all electricity supplies. The State’s required renewable energy content is 62% in 2024. For more detail, see resources on www.quincycea.com.