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slimyprincelimey t1_jc6xjz2 wrote

What is this

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ak_redwood OP t1_jc7c2di wrote

Community Power Aggregation is a new way for communities to take power back from the electricity companies, support lower cost renewable energy, and pay lower or competitive rates.

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magellanNH t1_jc79xxy wrote

>Using a model that’s been called “transformative” for the energy market, the Community Power Coalition of New Hampshire announced this week its initial electricity rate will be 15.8 cents per kilowatt-hour, representing a 20 to 40 percent savings compared to the state’s utility companies.

It's unfortunate that the rate is on the high side, but it's probably just from bad luck with the timing of when they negotiated the contracts. The power market has been extremely volatile lately.

There's no mention of how long the rate is locked in for, but 15.8 cents per kWh is higher than the lowest rates offered by some competitive suppliers.

https://www.energy.nh.gov/engyapps/ceps/ResidentialCompare.aspx?choice=Eversource

One plus going with community power is that you don't need to be as vigilant about monitoring contract renewal terms compared to signing up with a for-profit competitive supplier. If you go with a for-profit provider, you're likely to get slammed into a super expensive month to month rate if you forget to renegotiate your plan when it expires. You won't have to worry that if you sign up for a community power rate.

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piscatator t1_jc8jhjq wrote

The other reason to go with the CPC over a for profit alternative is that the CPC will be reinvesting in the towns and cities that it operates. The reinvestment will be in renewable energy projects and energy efficiency projects. I would rather have the money I pay for electricity stay in NH, where it will have a multiplier effect.

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heeyyyyooo t1_jc9pp7b wrote

I'm getting $.1309/kWh with Direct Energy locked for 36 months

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Thorking t1_jc7zra2 wrote

If you live in these towns...

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Icy-Neck-2422 t1_jc71e4i wrote

I ate dinner there once. Shit my pants almost immediately.

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