Concord’s Municipal Light Plant recently approved a modest increase in electricity rates as part of an effort to help the town meet its long term energy goals.
The current residential electric rate varies from 14.4 to 18.7 cents per kilowatt hour, depending on a customer’s consumption. Starting in September, it will rise to a range of 15.4 to 19.7 cents, which will result in a $9 increase in the approximately $140 monthly bill for an average homeowner.
The Light Plant plans to use the revenues to purchase Renewable Energy Certificates, which are certificates utilities can buy from solar, wind, and other renewable energy producers to expand their green power portfolios, according to David Wood, executive director of the Light Plant.
The 2017 Annual Town Meeting approved a proposal that the town seek to reduce its overall greenhouse gas emission by 25 percent by 2020 and 80 percent by 2050. In response, the Light Plant developed a plan to contribute toward meeting that goal while also expanding its investment in local renewable energy. (read more)
Write something about yourself. No need to be fancy, just an overview.