Malden Community Electricity website now live: www.maldencommunityelectricity.com
Malden Community Electricity is a program that will allow the City to use the combined purchasing power of all its residents to secure new electricity supply rates and more renewable energy. National Grid, the City’s electricity utility, can only go out to bid a limited number of times per year, and residents are locked in to the rates they’re able to get. With Malden Community Power, we can get new rates with a lot more flexibility (like if we see the rates going down). Energy is still delivered by National Grid, but residents get the potential benefits of a lower cost because of the City’s facilitation. (Disclaimer: Savings cannot be guaranteed because future basic service rates are unknown.)
Malden has brought on Good Energy as its broker, and they will handle the actual bidding process through which we will ask energy providers for the lowest rate they can provide.
The City Council approved the Malden Community Electricity plan and sent it to the Department of Public Utilities for review on November 9th.
A certain percentage of the energy the City buys through this program will be renewable, and residents can chose to pay slightly more to increase the portion of their energy produced by renewable sources. Residents can also choose to opt out of the municipal aggregation program if they want to, once the program is up and running. The plan includes a "base" package with between 5-15% renewable energy, and residents can chose to pay for 100% renewable energy for an average of an additional $7 per month.
We are hopeful that DPU will reach a positive conclusion to their review by the fall of 2023, and the program will be able to go into effect soon after.
This page will be updated as the project moves forward.