All residential and business customers are subject to this charge or credit. This fund is used to offset anticipated significant wholesale rate increases. Funds are collected from all customers over a period of time, and then paid back to customers in order to avoid a steep increase. Effective November 2020, the previous Rate Stabilization charge ended.
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 electricity 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 when needed 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.