Posted on: October 28, 2022
Village of New Paltz
Community Choice Aggregation (CCA) Program Continuing
The Village of New Paltz has participated in the Hudson Valley Community Power (HVCP) renewable energy program since early 2020, providing their eligible residents and small business with the benefits of renewable electricity supply.
Formed in partnership with Joule Community Power, a division of Joule Assets, Inc. (Joule), Hudson Valley Community Power is a community choice aggregation program that enables participating communities to pool local electricity demand in order to leverage the collective buying power of their residents and small businesses in an effort to secure more favorable terms on their energy supply, protect consumers, and support renewable generation sources.
Since summer 2019, the Hudson Valley Community Power program has served households and small businesses in Hudson Valley communities with 100% New York State renewable power.
Participants have collectively saved in excess of $8 million through the program’s fixed electricity supply rate since program renewal in July 2021. This is a savings of $300-400 for the average household. In addition to savings, the program’s 100% NYS renewable supply has significantly reduced our community’s carbon footprint and advanced the state’s clean energy goals.
While the second contract ended earlier than expected, the program manager, Joule, the Village of New Paltz and the other HVCP municipalities are working to deliver a new CCA offering through an upcoming bid with an expected program launch in Summer 2023.
As with the previous offer, the goal is to provide relief from the current high electricity prices while maximizing support of renewables. In late Spring 2023, the Village will be given prices and the option to select between the standard fixed-rate (like previous contracts) or a new variable-rate offer. Market conditions, including price volatility and the need to maximize the availability of renewable electricity supply may lead to the variable-rate offer providing the best value to residents and small businesses.
Even if 100% renewable electricity is not available to offer to all HVCP participants, individual residents and small businesses will be able to take action to select 100% renewables. As always, participants can opt-out of the program at any time with no penalty.
Public information sessions will be scheduled over the next two months about the general program, how it can benefit residents and small businesses, and to answer your questions. Additional information sessions will occur in 2023 if the Village signs a contract for a new CCA electricity supply rate. Information on upcoming information sessions can be found here: www.hudsonvalleycommunitypower.com/events
For more information about the Hudson Valley Community Power program, please visit hudsonvalleycommunitypower.com, call the helpline at (845) 859-9099 or email at info@hudsonvalleycommunitypower.com