NEWBURYPORT – Just in time for winter, the city of Newburyport has signed a 36-month contract to supply electricity at a slightly lower rate.
Dynegy Energy Services will supply electricity through the Community Choice Power Supply program at a new rate of $0.13747 per kWh. It will begin with the November meter read.
The current rate of $0.14178 per kWh will end at that time. For the average household using 600 kWh per month, the change means a savings of about $3. The new rate is also 11 percent lower than National Grid’s Residential Basic Service rate of $0.15484 per kWh, which could mean average savings of about $10 per month from November through next January.
Since launching in January 2023, the program has saved residents and small businesses more than $4 million compared with National Grid’s Basic Service, the city said.
If you are already participating in the program, you don’t have to do anything. Look for the change on your December bill. Dynegy Energy Services will be listed under “Supply Services.”
Officials note that National Grid’s Basic Service rates change regularly, so the city’s aggregation rate may not always be lower. The program’s goal is to provide long-term savings, but future savings are not guaranteed.
National Grid offers several programs for income-eligible customers who may need assistance with energy costs. Check out nationalgridus.com/MA-Home/Bill-Help/Payment-Assistance-Programs.
Residents may also visit colonialpowergroup.com/newburyport or call 866-485-5858 ext. 1 to learn more about Newburyport’s Community Choice Power Supply Program or to opt-in or opt-out. ♦
