During the Town Administrator’s Report segment of the Town Council meeting, Feb 12, 2020, there was a good piece of news. Municipal aggregation is finally here with a good deal.
What is municipal aggregation?
“It seeks to aggregate consumers in the Town to negotiate rates for power supply. It brings together the buying power of over 32,000 consumers. Furthermore, the Town seeks to better manage energy prices.On your electric bill, there are two sections, one for delivery services, and one for the cost of the electricity itself. With aggregation, Franklin has just signed a contract to deliver electricity at a cost of only 10.5 cents for three years. This is one, an improvement over the current rate (around .14 cents) and two, confirms the rate for three years.
Participation is voluntary for each eligible consumer. Eligible consumers have the opportunity to decline service provided through the Plan and to choose any Competitive Supplier they wish.“
This is a good deal. More will be forthcoming on this as we get closer to Sep/Oct 2020. There will be additional information shared, info on how to opt out (accepting a rate other than the 10.5 cents confirmed for three years), etc.
Let’s listen to Jamie Hellen talk about the municipal aggregation deal at the Town Council meeting.
Additional info will be provided at the Town Council meeting on March 4, 2020.
Links to the archives for prior posts on municipal aggregation which was initially approved by the Town Council in 2016 are provided in the show notes
Audio file https://player.captivate.fm/episode/d8099baa-7dc9-49c7-b55a-cfdb619a52d2
From the archives:
Aggregation Plan released for Town Council meeting review and discussion
Link to Municipal Aggregation docs on Town of Franklin page
From the Town Council meeting where this was approved
Aggregation Presentation doc - March 9, 2016
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|FM #208 - Jamie Hellen on Municipal Aggregation|