National Grid filed their proposed winter Basic Service rates with the DPU yesterday. Residential rates are proposed to be 14.821¢/kWh for Nov. 1, 2021-April 30, 2022. They’re even higher than anticipated. The market has been running up the last few months and even though National Grid procured 50% of their supply back in March, they still needed to procure the remaining 50% on September 8.
Given the above, we’d like to remind everyone how to opt-in to the Town’s Program should they choose to take advantage of the savings the aggregation will offer this winter, as compared to National Grid’s Basic Service. The rates for New Salem’s aggregate program are lower than the projected rates for basic service from National Grid.
In addition, all National Grid customers who meet certain means criteria can qualify to receive a discount on their electric bills. We know many residents are already signed up to receive this discount but many are not. Assistance is available by following the link listed.
National Grid’s form appears to be online only
Lastly, with respect to residents who aren’t enrolled in the Town’s Program but have entered into third-party supply contracts on their own, folks who are on variable rate contracts should be aware that the market has run up and competitive suppliers may have no choice but to increase their prices to cover costs. Obviously, every resident is entitled to make their own choice but given how high forward energy prices have climbed and that we’re billed for our electricity after it’s used, we think it’s important information for folks to have.
To join New Salem’s Program, you can do one of two things:
- Visit colonialpowergroup.com/new-salem and click the OPT-IN button, then fill out and submit the Opt-In Form.
2. Call Dynegy at (866) 220-5696 and ask to join the Town of New Salem’s Program.
For both of the above options, you should have your National Grid bill handy in order to provide some required information. Enrollments can only be processed on meter reads so it may take one or two billing cycles before taking effect.
If you are currently contracted with your own competitive supplier, you should confirm with them that you will not incur any early termination fees or penalties for leaving their supply.