Cape Light Compact Disclosure Jan 19, 2023

Consistent with the 1997 Massachusetts Restructuring Act, the Cape Light Compact (Compact) was established by the 21 towns and 2 counties of Cape Cod and Martha’s Vineyard as a municipal aggregator to advance the interests of consumers in a restructured electricity market. To this end, one of the Compact’s primary missions is to provide a safe and secure power supply choice for consumers.

The Compact leverages the aggregated purchasing power of all our customers to negotiate competitive pricing with strong terms and conditions that protect our customers, which gives our customers a worry-free, competitively-priced power supply option from a community-founded public organization.

The Compact uses a competitive selection process to select suppliers that are responsible for providing retail electricity for all the participants in the Compact’s power supply program. Compact staff, board members, consultants, and counsel work together to ensure that the Compact secures contracts that are in the best interest of the Compact’s consumers. The size of the Compact’s aggregation gives it weight in conducting these negotiations that are not available to individual consumers.

Most recently, the Compact selected NextEra® Energy Services Massachusetts (NextEra Energy Services) through this competitive Request for Proposal (RFP) process in 2018 to provide electricity to all Compact residential, commercial, and industrial electric customers on Cape Cod and Martha’s Vineyard for a term beginning in December 2018 and running through December 2023. The RFP allows for the potential of a three-year contract extension, through 2026. A green aggregation element was included in the RFP asking suppliers to include in their submissions proposals to match the electric usage of Compact customers with Renewable Energy Certificates.

More information may be found here: https://www.capelightcompact.org/faqs/