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Needham expected to lower energy supply assumptions after new contracts; landfill solar generated over $1 million to general fund last year
Summary
Town staff told the Finance Committee that new 36‑month electric and gas supply contracts reduced budgeted supply assumptions and that the town’s landfill solar array produced exceptional revenue last year, sending more than $1 million to the general fund.
Town finance staff briefed the Finance Committee on the Needham Electric Light & Gas program’s FY‑26 budget assumptions, new supply contract prices and the town’s landfill solar revenue.
The town recently completed new supply contracts and staff reported an electric supply price of approximately 11.98 cents per kilowatt‑hour for a 36‑month term and a lower natural gas supply price that reduced the per‑unit assumption by roughly 20 cents. Those contract prices allowed staff to reduce…
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