Cape & Vineyard electricity rates to decrease by 10-13%
Today, the Cape Light Compact and Con Edison Solutions announced that residential and commercial electricity prices on the Cape and Martha's Vineyard will decrease by 10-13% from the rates in effect in January 2006.
According to Bob Mahoney, Chairman of the Cape Light Compact, Cape & Vineyard consumers will welcome the rate decrease as the prices are "very competitive and offer customers savings and price stability."
The rate change is guaranteed to remain in effect for a six month period (from the customer's January meter reading to their July meter reading). The actual cost per kWh will be 11.652 cents for residential customers and 11.671 cents per kWh for commercial customers. The rate for industrial customers will be 12.871 cents per kWh and will be in effect from January 2007 through March 2007.
In addition the rate cut, Con Edison Solutions also announced an extension on the "one cent" price break. Originally offered through October, it will now be extended through the end of the year.
The Cape Light Compact chose Con Edison Solutions as its competitive power supplier in November of 2004. Read the press release regarding the appointment here.
About the Cape Light Compact
The Cape Light Compact, as administered through Barnstable County, is a regional energy services organization made up of all 21 towns of Barnstable and Dukes counties. The purpose of the Compact is to represent and protect consumer interests in a restructured utility industry. As authorized by each town, the Compact operates the regional energy efficiency program and works with the combined buying power of the region's 197,000 electric consumers to negotiate for lower cost electricity and other public benefits. For more information, go to the website, www.capelightcompact.org.
About ConEdison Solutions
Established in 1997, ConEdison Solutions is a subsidiary of Consolidated Edison, Inc., one of the nation's largest and longest-operating investor-owned energy holding companies. ConEdison Solutions is a leading energy services company that provides cost-effective energy solutions for commercial, industrial, residential and government customers. ConEdison Solutions presently serves electric commodity customers in Massachusetts, New York, New Jersey, New Hampshire, Connecticut, Delaware, Maryland, Pennsylvania, Texas and Washington, D.C.
Based in White Plains, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Arlington, Virginia and Houston, Texas, the company's dedicated team of energy professionals delivers a broad range of commodity, consulting, demand-side management, and performance contracting services. ConEdison Solutions creates customized programs and services tailored to help customers achieve their individual energy objectives.