Your business can plan for this known cost increase.
Planned electricity generation plant closures through 2018 will result in a reduction of over 3,500 mega-watts of electricity for the New England region. This electricity deficit has already been reflected in the increased capacity market prices. Capacity costs (a major component of electricity prices) began to escalate in June of 2016.
What you need to know:
- Increasing capacity rates will cause a significant increase in your electricity price in 2016 and beyond
- Capacity costs are indisputable charges that have already been approved by ISO New England
- What you use this year on the hour the electric system peaks will become your capacity assignment for next year
- Once your capacity is set, you cannot change it for an entire year
- If you reduce your usage on the peak hour, you can lower your electricity price for the coming year
Contact Usource to review your options and create an executable plan of action. Usource will:
- Estimate the financial and budget impact of reducing your capacity
- Determine the steps you can take to reduce load on the peak hour of the peak day, typically between 2pm and 5pm
- Set up a plan of action of action and provide notification of anticipated peak hour
- Review and modify your electricity supply to ensure that you get the benefit of reduction
View our quick 5-minute video on capacity cost increases in New England and what your company can do to reduce costs and mitigate risk.
888.686.4845 or complete the form.
Click here for more detailed information on capacity costs in New Hampshire, Maine, Massachusetts, Connecticut and Rhode Island.