Options & Pricing

New electricity customers in Nantucket will be automatically enrolled in the PowerChoice option. For 100% renewable electricity, you may opt up to PowerChoice Green for a small premium.

Participants in both PowerChoice and PowerChoice Green support the Nantucket Local Solar Rebate Program and the development of new residential solar electricity projects on Nantucket.

Nantucket PowerChoice prices are long-term prices, while National Grid’s Basic Service prices change frequently. The Nantucket PowerChoice goal is to provide value when compared with the average of National Grid’s changing prices, though savings can never be guaranteed.

  • Use the tables below to compare Nantucket PowerChoice prices to National Grid’s current 6-month Basic Service price.
  • Use the online calculator to compare Nantucket PowerChoice prices to National Grid’s most recent 12-month average Basic Service price.
PowerChoice PowerChoice Green

If you opt out:

 

National Grid’s Basic Service
(current 6-month price)
Price period November 2021 – November 2024 meter reads November 2021 – November 2024 meter reads November 1, 2022 – April 30, 2023 **
Residential 11.065 ¢/kWh* 14.001 ¢/kWh* 33.891 ¢/kWh
Commercial 11.065 ¢/kWh* 14.001 ¢/kWh* 32.287 ¢/kWh
Industrial**** 11.065 ¢/kWh* 14.001 ¢/kWh*  28.455 ¢/kWh (November 1, 2022 – January 31, 2023)
Renewable Energy Content Meets minimum Massachusetts renewable electricity energy requirements. That means:

  • 20% from “premium” renewable energy resources in the New England region (MA Class I RECs) to meet minimum state requirements

Also supports the development of new solar projects on Nantucket.

 Includes 100% renewable energy resources. That means:

  • 20% from “premium” renewable energy resources in the New England region (MA Class I RECs) to meet minimum state requirements
  • 80% from “premium” renewable energy resources in the New England region (MA Class I RECs) added voluntarily by Nantucket.

Also supports the development of new solar projects on Nantucket.

 Meets minimum Massachusetts renewable electricity energy requirements. That means:

  • 20% from “premium” renewable energy resources in the New England region (MA Class I RECs) to meet minimum state requirements.
Exit Terms Leave any time. No exit charge. Leave any time. No exit charge. Leave any time. No exit charge.***

* Prices include a 0.1 ¢/kWh administration fee and an extra 0.1 ¢/kWh to support Nantucket’s local Solar Rebate Program. Program prices could increase as a result of a change in law that results in a direct, material increase in costs during the term of the electricity supply agreement.
** National Grid’s fixed Basic Service prices change every six (6) months for residential and small business accounts and every three (3) months for medium and large business accounts. They will next change on November 1, 2022, for residential, commercial, and industrial accounts.
*** Industrial customers only (rates G-2 and G-3) on the fixed price Basic Service option may receive a billing adjustment, which may be either a credit or a charge.

**** Some large commercial accounts may not be eligible for program pricing at the time of enrollment and may instead be offered market pricing. Visit the FAQ page for more information.

 

Electricity supplier:

 If you participate in Nantucket PowerChoice, you will see First Point Power – Nantucket PowerChoice (previously Dynegy) listed on your National Grid electricity bill as your electricity supplier. See an example National Grid bill.

Electricity mix:

 The program’s electricity supplier is required to provide an energy mix disclosure label that offers details about all of the sources of electricity provided. Visit the Resources page to download the most recent label.

Massachusetts minimum renewable energy requirements

The Massachusetts Renewable Energy Portfolio Standard (RPS) and Alternative Energy Portfolio Standard (APS) require all electricity suppliers to integrate a minimum amount of energy from specific renewable and alternative energy sources into the electricity supplied to their retail customers.

The total required amount increases by 2% every year. For 2022, 20% must be from newer renewable energy projects in New England (Massachusetts Class I RECs).

This requirement applies to National Grid and also to any other electricity suppliers, including the electricity supplier serving Nantucket.

Renewable energy certificates

The Nantucket PowerChoice program purchases renewable energy certificates, or RECs, to integrate renewable energy into the Town’s electricity supply. In general, RECs are used to determine the environmental content of electricity. Each REC represents proof that 1 megawatt-hour of electricity was generated by a renewable energy resource. For more information about RECs, visit this page and scroll to the bottom.