All residential customers are subject to this charge of about 2.5% for electric usage which amounts to $3 per month for the median residential customer. The fund is needed to meet significantly higher wholesale capaTown charges anticipated from June 1, 2016 to May 31, 2017. We are putting funds aside now to offset these costs in order to avoid a steeper increase in 2016.
New York Power Authority Credit
This credit is based upon savings realized by purchasing hydroelectric power from the New York Power Authority. Under Federal Law, this savings is passed only to residential customers. Note: The power consumed by residential customers is more than 20% green about half of which is purchased from the New York Power Authority.
Power Cost Adjustment (PCA)
Concord Municipal Light Plant (CMLP) buys its electriTown from generating sources such as natural gas, land fill gas, solar, and hydro. Costs associated with each source can fluctuate dramatically. The PCA is used to adjust for increases or decreases in wholesale power and transmission costs (representing about 80% of CMLP costs) and to insure costs are revenue neutral to CMLP.
The Underground Surcharge is a 1.5% fee used to help offset the cost of placing existing overhead wires underground. Under-grounding all utilities in Concord is a Town bylaw.
Energy Conservation Charge
This charge covers the cost of Energy Conservation Service Programs required by the Commonwealth of Massachusetts. This charge is 0.52% of the total current charges billed excluding the finance charge and sales tax.