should Greenburgh renew ESCO with Westchester Power?

SHOULD GREENBURGH RENEW ESCO WITH WESTCHESTER POWER DISCUSSION TOMORROW ON MY WVOX RADIO PROGRAM FROM 10-11 AM www.wvox.com or 1460 am

LINK TO TOWN BOARD DISCUSSION POSTED BELOW -YOU ARE INVITED TO CALL IN DURING SHOW 636-0110

Last week the Greenburgh Town Board met with representatives of Westchester Power. They asked the town to renew the ESCO agreement and indicated that during the past two years residents of Greenburgh (who did not opt out of the ESCO) saved a modest amount- under $200. The Town Board will be voting on the ESCO renewal in the near future. The discussion we had can be watched on the following link:

June, 2016-June, 2018

Westchester Power CCA Program Results for Greenburgh

Two years ago the Greenburgh Town Board entered into an agreement with Westchester Power to supply Greenburgh residents with electricity. Have you, the consumer, saved money as a result of this agreement? I asked Westchester Power to provide the town with an update. Greenburgh residents have seen modest savings as a result of this agreement. : Since the Westchester Power municipal electricity supply program launched in April 2016, there have been financial savings for customers and significant environmental benefits derived from carbon dioxide avoidance for those customers using the 100% renewable energy supply.

When the Town Board approved the agreement with Westchester Power we promised residents that we would periodically provide Greenburgh utility ratepayers with updates -letting you know how you're doing participating in this ESCO. Your thoughts are always welcome. Please be advised that every resident of unincorporated Greenburgh is automatically enrolled in this program but residents who don't want to participate can opt out.

PAUL FEINER

Performance overview

Over the 25-month period from June 2016 through June 2018, Greenburgh’s participation in the Westchester Power program has resulted in the following:

• 191,709,288 kilowatt-hours of electricity have been served;

• Customers saved $2,156,547 collectively; and

• 613 tons of carbon dioxide were avoided by customers who opted in to the renewable energy supply.

Breakdown by customer type

Over that same time period:

• Residents in the standard supply on average saved $194.51, for a modest savings of $7.78/month;

• Residents who opted in to the 100% renewable/green supply on average saved $149.29, for a modest savings of $6.00/month;

• Small business customers in standard supply on average saved $50.28, for a modest savings of $2.01/month; and

Where the savings come from

The chart below outlines the three types of savings that contribute to the financial benefits of the CCA:

1. Supply Savings: The difference between Con Ed’s variable rate that month and Westchester Power’s fixed rate. Calculated on a per kWh basis. This amounted to $1,135,855 for all Greenburgh CCA customers.
2. Sales Tax Avoidance: Both residential and commercial accounts are exempt from some portion of sales tax on the delivery portion of their bill (~11 cents per kWh). In most cases, this is 3% for residential and 7.375% for small commercial accounts. Greenburgh CCA customers avoided $675,644.
3. Billing and Processing Payment: When in the CCA, each customer avoids a $1.20/mo charge for billing and processing. Greenburgh saved $345,048.

CO2 Avoided (MT)

Supply Savings

Sales Tax Avoidance

BPP Savings

Total Savings

Standard Supply Grand Totals:

189,679,128

0

$1,158,037

$661,995

$341,417

$2,161,449

Renewable Supply Grand Totals:

2,030,160

612.8

-$22,182

$13,649

$3,631

-$4,902

Total

191,709,288

613

$1,135,855

$675,644

$345,048

$2,156,547

Greenburgh

Total Savings per Acct

Standard Residential

$194.51

Standard Commercial

$50.28

Green Residential

$149.29

Green Commercial

-$5.61