Lunenburg, Massachusetts – April 26, 2012: The Town of Lunenburg today announced the extension of a contract with ConEdison Solutions as its competitive power supplier for the Town’s electricity customers. The selection -- made on a competitive basis – is part of the Town’s "Community Choice Power Supply" program, a program for electric power supply that has helped lower electricity costs for Lunenburg consumers.
Lunenburg’s rates will drop 25% from 7.7 cents/kWh to 5.85 cents/kWh, bringing the residential rate down to its lowest rate in almost 10 years. Lunenburg can now boast having the lowest electricity supply rates in the state.
"Once again, electric customers in the Town of Lunenburg will be able to protect their interests as consumers through purchase options," said Lunenburg Town Manager Kerry Speidel. "With the authorization of the Board of Selectmen, the Community Choice Power Supply initiative allows the Town to provide local energy services in a way that stabilizes costs, promotes competition and ensures local control over energy supplies. This phase of the program begins at a time with the summer cooling months and associated increases in electrical consumption fast approaching and, therefore, will prove advantageous in assisting the Town’s consumers in realizing savings on their electric bills. We will monitor rates closely over the course of the summer and beginning of fall when new basic service rates will be set."
The Community Choice Power Supply initiative provides Town residents and businesses with energy price stability, and also offers opportunities for potential cost savings. The program creates competition among energy suppliers to help ensure competitive rates and to endow the Town with local control over energy supplies. Acting on behalf of the Town’s 4,500 electricity ratepayers, the Town of Lunenburg selected ConEdison