|Term*||October 2019 – December 2021||December 2021 – December 2024|
|Competitive Supplier||Constellation||NextEra Energy Services|
|All Rate Classes||$0.11874 / kWh||$0.14449 / kWh|
|Renewable Content||MA Req + 45% MA Class I RECs**||MA Req + 45% MA Class I RECs**|
*Term begins and ends on the days of the month that your meter is read in your service area.
**The power supply is offset with 45% above the state mandated MA Class I RECs from local renewable sources. Offset percentage varies based on annual MA Req. Total % of MA Class I RECs are 59% in 2019, 61% in 2020, 63% in 2021, 65% in 2022, and 67% in 2023.
Rate includes (1) Consultant Fee of $0.001 per kWh to facilitate Lowell’s Community Choice Power Supply Program and (2) Operational Adder of $0.0005 or $0.001 per kWh to fund personnel costs associated with City’s Energy Manager position.
At the end of each term a new rate and term will be determined. It may or may not be with the same supplier. With each subsequent supplier/rate/term change, all consumers who were previously in the Program will remain in the Program.
Rate may increase as a result of a change in law that results in a direct, material increase in costs during the term of the contract.