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Date Posted: Dec. 16th 2022
The Village of Saranac Lake is forming the Village of Saranac Lake Community Power energy program which would enable the Village to provide eligible residents and small businesses with the benefits of renewable electricity supply.
Formed in partnership with Joule Community Power, a division of Joule Assets, Inc., Village of Saranac Lake Community Power is a Community Choice Aggregation (CCA) program that enables the Village to pool local electricity demand in order to leverage the collective buying power of their residents and small businesses in an effort to secure more favorable terms on their energy supply, protect consumers, and support renewable generation sources.
In spring 2024, the Village will be presented with prices and the option to select between a fixed-rate or a variable-rate offer. Market conditions, including price volatility and the need to maximize the availability of renewable electricity supply may lead to the variable-rate offer providing the best value to residents and small businesses.
If the Village selects a supplier and offering, all eligible residents and small businesses will be notified by letter in the spring/summer 2024 of the details, their choices and how to opt-out. Participants can opt-out or opt back into the program at any time with no penalty by phone or online form. By participating in the program, residents and small businesses can access competitively priced electricity supply with no individual contract and their utility provider will not change.
Public information sessions will be scheduled over the next two months. These sessions will provide general information, explain the benefits of participation by our residents and small businesses, and answer your questions.
Additional information sessions will occur in 2024 if the Village signs a contract for CCA electricity supply. Information on upcoming information sessions can be found here:
www.joulecommunitypower.com/events