City of Fall River announces new electricity prices under new Community Electricity Aggregation Program agreement
Fall River, MA – (12/21/2020) – The City of Fall River has announced that it has renewed its electricity aggregation program for another 35 months starting in January 2021. No action is required on the part of the current program participants as they will continue their electricity service automatically with the new supplier, Constellation.
The Fall River CEA program is part of a larger electricity purchasing group, providing Fall River residents and businesses with competitive choice and longer-term price stability.
“We’re very excited that this successful program is entering its sixth year of operation – it has been a great benefit for our community,” said Mayor Paul Coogan.
The new default program rate is $0.10470 per kilowatt hour (kWh) from January 2021 through December 2023. The current rate under the program is is $0.10430. The National Grid Residential Basic Service electricity rate is $0.12388/kWh for the six month period from November 2020 through April 2021. In addition, the program also offers two options with more renewable electricity than required by state law.
The program rates, resulting from a competitive bid, are fixed over the 35 months of the electric supply agreement from January 2021 through December 2023. The Fall River CEA product offerings and rates will be:
According to a release from the Mayor’s Office, savings cannot be guaranteed as compared to Basic Service rates which change every six months for residential and commercial accounts and every three months for industrial accounts.
Current Fall River residents and businesses who are participating in the CEA program will be automatically transitioned to the new default electricity rate as of their January 2021 meter read date.
Those who do not want to participate in Fall River CEA can opt out without penalty or change to a different program option at any time on the program website masscea.com/Fall-River or by calling the supplier Constellation at 833-461-0813.
For more information about the program, go to masscea.com/Fall-River.