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Greenland delays launch of community power program amid market volatility
Summary
The Board agreed to delay launching a Community Choice Aggregation program after Energy Committee and Colonial Power Group representatives said cold weather and limited imports had spiked electricity prices; the Board will retain oversight and allow the committee to launch only when a minimum savings threshold for residents is available.
Alice Passer of the Energy Committee and Stuart Ormsbee of Colonial Power Group updated the Board on plans for a Community Choice Aggregation (community power) program.
Passer and Ormsbee said extreme cold and constrained electricity imports had driven market prices higher, and they recommended delaying the program launch until day-of rates presented a clear saving for residents. They emphasized that rates change daily and that the program should be initiated only when a pre-agreed minimum savings threshold is met.
Town Administrator Tara Tucker told the Board the contract had been reviewed by the Town Attorney, who raised no legal concerns. The Board discussed the comparative experiences of neighboring towns—some community power programs have offered rates higher than Eversource while one local community is currently delivering savings. Ultimately, the Board chose to retain oversight and to empower the Energy Committee to act quickly when market conditions meet the savings threshold; residents will have the ability to opt in or out at any time.
No formal vote to launch the program was taken; the decision at this meeting was to delay launch pending more favorable market conditions.
