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The original item was published from 1/5/2023 9:39:18 AM to 1/29/2023 12:00:01 AM.

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News & Town Board Reports (gblist)

Posted on: January 5, 2023

[ARCHIVED] Greenburgh Residential Electricity Supply Rate Comparison - December 2022

On the 5th of every month the Town of Greenburgh will post a comparison of Con Ed rates and the rates Greenburgh residents and residents of other communities served by Westchester Power are paying.

On the 5th of every month the Town of Greenburgh will post a comparison of Con Ed rates and the rates Greenburgh residents and residents of other communities served by Westchester Power are paying. 24 communities in Westchester have signed up for Sustainable Westchester's ESCO. Every resident is automatically signed up unless they opt out. Con Ed rates can go up or down during the life of the contract. But, the ESCO rates will remain flat until October 2024.  
 During December Con Ed rates were lower than the ESCO but the trend of Con Ed rates going up continues. Through the first 4 days of January, Con Ed is averaging over 14 cents per kWh. If the trend continues Con Ed rates and the ESCO rates will soon be almost the same. 

Please read the analysis below prepared by Sustainable Westchester:

PAUL FEINER


 ANALYSIS 

 

Greenburgh Residential Electricity Supply Rate Comparison - December 2022

Westchester Power vs. Con Edison

 

 

 

Westchester Power Program Background

 

The Town of Greenburgh participates in a Community Energy Program known as Westchester Power. This electricity supply program is managed by the local nonprofit Sustainable Westchester on behalf of the 29 participating municipalities in Westchester County, procuring electricity in bulk to provide low-cost fixed rates to residents.

Residents benefit from the program through a fixed price structure that provides cost control assurance on their electric supply charges. The program also empowers the county and its residents to actively work towards a vision for a healthy and sustainable future by supporting renewable energy.

 

New Westchester Power Contract - December 2022 Rate Comparison

 

The new Westchester Power contract began in December and offers two supply options for 100% Renewable and Standard. These rates are fixed until 10/31/2022.

 

December 2022 Residential Rates

 

 

Average Con Edison Standard Rate

 

WP 100% Renewable Fixed Rate

 

WP Standard Supply

 

11.39¢/kWh

 

15.28¢/kWh

 

13.36¢/kWh

Below is an approximate electricity cost comparison for a hypothetical Greenburgh resident in December who consumed 500 kWh of electricity for the month

 

  • For a Greenburgh resident on the ConEd supply, that customer would have been charged roughly $56.95 electricity supply
  • For customers enrolled in Westchester Power under the 100% Renewable fixed rate, the charge would have been roughly $76.40
  • Al Westchester Power Standard user’s charge would have been $66.80


 

Energy Market Prices Going Forward

 

The market forecasts for this Winter expect prices for electricity to go substantially higher for customers. Con Edison has warned customers of surging prices for this Winter and has already seen their rates climb. Again, Westchester Power rates

remained fixed month-to-month regardless of market prices. For insight into electricity price rises in New York and the reasons for them, refer to these useful statements from official sources:

 

 Con Edison Offering Assistance As Energy Market Prices Surge 

 

 New York Independent System Operator Press Release - Global Economic Factors

 Continue to Drive the Cost of Energy up in New York

 

 Governor Hochul Announces Actions to Prepare New Yorkers for Rising Global Energy 

 Costs This Winter

 

 

 

Options for Greenburgh residents

 

Residents who want to enroll, change their supply, or opt out can visit the Westchester Power web page and fill out the applicable online form on the Sustainable Westchester website at sustainablewestchester.org/wp/conedenergychoices/, email

westchesterpower@sustainablewestchester.org, or call Sustainable Westchester at (914) 242-4725 ext. 111 for live assistance.

 

  • Want to enroll?

    • Greenburgh residents who are not currently enrolled in the program (including those who have previously opted-out of the Westchester Power electricity supply in the past) still have the ability to opt-in and participate, as the current contract price is locked in until October 31, 2024.
  • Want to change supply options?

  • For residents already participating in the program at either the 100%

Renewable or Standard Supply fixed rates, you can change your supply option at any time. Whether you want to move into the 100% Renewable supply to maximize your clean energy impact, or switch to the Standard Supply for a better financial option, the choice is yours.

  • Want to opt-out of Westchester Power altogether?

    • Residents participating in the program can opt-out at any point they wish with no hassle, penalty, or fees.

 

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