Large Aggregation PowerOptions Selects New Retail Supplier For $300 Million Contract
September 1, 2017 Email This Story Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
PowerOptions, a large New England area energy buying consortium of nonprofit and government entities, announced that Constellation was selected as the group's new electricity supplier for its retail energy program, via a competitive bidding process for an estimated $300 million four-year contract.
In addition to electricity supply, Constellation will offer PowerOptions members energy technology products and services, including electric vehicle charging stations, data analytics, and energy storage, as well as options to fund energy efficiency measures as part of their monthly electricity supply bill.
Electricity supply under the new contract will begin in June of 2019. Until that time, Direct Energy will continue to be the electricity supplier for PowerOptions members. The additional services offered by Constellation will be available to PowerOptions members immediately.
PowerOptions currently serves over 500 members, including hospitals, higher education institutions, municipalities, state agencies and smaller nonprofits, in Massachusetts, Connecticut, and Rhode Island. Those members purchase about $200 million annually in energy through programs for electricity and natural gas. The electricity program has nearly 200 megawatts of demand and one billion kilowatt-hours.