The average resident could see savings of $15 per month on their electric bills under a new municipal aggregation plan likely to roll out this October, impacting those who are currently on Eversource’s basic plan.
The savings calculations are preliminary, based on Eversource’s current rate, which fluctuates more than municipal plans’; Burlington is expected to sign a 24-month contract with a supplier in the coming weeks, locking in the same rate until late 2026 regardless of what happens in the energy market.
“This is a very attractive rate,” said Mark Cappadona, president of Colonial Power Group, the contractor that is helping Burlington reenter the municipal aggregation market. “There’s almost no one this low in the eastern part of the state so the load profile is very beneficial.”
According to Colonial Power, residents won’t notice any difference when the new plan goes into effect in October; residents will still send payments to Eversource, and Eversource will still respond to emergencies, read meters and maintain distribution and transmission lines. Residents with a budget plan or low-income delivery rates will continue to see the same benefits; anyone with solar panels will continue to receive net metering credits.
Those who wish to opt out can do so with an OPT-OUT card that will be mailed to you directly, or you can call Colonial Power to opt out over the phone.
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