News & Information

IMPORTANT NOTIFICATION DISCUSSING PROGRAM RATE(S) CHANGE BEGINNING WITH METER READS AFTER SEPTEMBER 15, 2018.

As the result of a negotiated resolution of a contract claim by Public Power, LLC, the electric supplier for the Community Electricity Aggregation Program, the price paid by participants in the Program for electric supply will increase from 10.130 cents per kWh to 10.430 cents per kWh effective with meter reads after September 15, 2018. This new price will remain fixed through the remainder of the term of the Electric Services Agreement, ending January 2020.

How Does the New Price Compare?

The new price is below the prices bid by all other suppliers during the Town’s last competitive solicitation in 2017 and below estimates of a replacement supply in the current market. The new price is also below the current Basic Service rate offered by National Grid, which is 10.87 cents per kilowatt hour (kWh). The new price represents an increase of approximately $1.80 per month given average usage of 600 kWh per month.

What Was the Claim About?

Under certain circumstances, the Electric Services Agreement with Public Power allows an increase in the electricity price in the event Public Power incurs unexpected cost increases resulting from a change in regulation, with the intent that those costs would be passed on to consumers under the terms of the Electric Services Agreement.

Public Power claimed that such a regulatory change occurred and resulted in increased costs, and it requested an increase in the electricity price. In response to Public Power’s claim, the Town organized itself with 25 other communities and entered into negotiations with Public Power. Following negotiations and consultation with their advisors, the parties agreed to an increase in the electricity price to account for some of the claimed cost increases. The amendment to the Agreement includes language that prevents the pass-through of similar cost increases in the future.

The Town believes the new rate will continue to provide value to participating consumers even with the price increase.

Moving Forward – Fixed Rate of 10.430 Cents per kWh through January 2020

The Town’s rate will remain fixed at 10.430 cents per kWh through the remainder of the term of the Electric Services Agreement, ending January 2020.

It is the expectation of the Town that National Grid’s current Basic Service rate of 10.87 cents per kWh will increase with the winter rate change effective November 1, 2018 – April 30, 2019. However, because the Basic Service rate changes every three to six months, there is no guarantee that the Program price will be below the Basic Service rate in future periods. All participating customers may leave the Community Electricity Aggregation Program at any time and without penalty.

Further Information

Please go to your community’s dedicated webpage at
www.OXFORD-CEA.com for a rate comparison chart and information about the  program. If you have any questions regarding the price  increase or your options, please call (844) 627-7232.

We are pleased to present the electricity rate below for the  Oxford Community Electricity Aggregation program:

Rate Class

Town of Oxford
Community Electricity Aggregation Program
(Standard Product –
No Action Required)

Current National Grid Utility
Utility Basic Service

Residential

$0.10430/kWh

$0.13718/kWh

Small Commercial

$0.10430/kWh

$0.13166/kWh

Large Commercial

$0.10430/kWh

$0.12866/kWh WCMA*

Duration

September 2018 – January 2020
Rates apply to service beginning and ending on the days of the month that your meter is read in your service area.

November 1, 2018 – April 30, 2019
Residential & Small Commercial rates change every six months. *Large Commercial rates change every three months.

Disclaimer: A goal of the CEA program is to produce savings for customers, but savings cannot be guaranteed compared to the utility’s basic service rate which changes every three months for industrial customers and every six months for residential and small commercial customers. The Aggregation program seeks to provide price stability and average savings over the full term of the program, but because future basic service rates are not known, there is no guarantee of savings.