The energy bank: Opening the door to the competitive market
- UNITIL Service Corp., Exeter, NH (United States)
The UNITIL Companies have identified the need to undertake new economic development initiatives and to respond to an increasingly competitive energy marketplace. The economy of UNITIL`s service areas and New England generally have suffered from the perception that energy prices, and electricity prices in particular, are very high and non-competitive. However, opportunities now exist for more competitive priced electricity services to be made available to meet the needs of economic development. The introduction of Energy Bank{trademark} was designed to meet this objective through a competitively priced, market-based option for new or expanding industrial loads. The Energy Bank{trademark} is priced at about 5 cents/kWh, a rate 40% below the regional average industrial rate. As Energy Bank{trademark} grows, it will yield substantial benefits to all customers in UNITIL`s service areas, through increased local economic activity, reduced power costs overall, and cash benefits in the form of Power Dividends.
- Research Organization:
- Electric Power Research Inst., Palo Alto, CA (United States)
- OSTI ID:
- 254469
- Report Number(s):
- EPRI-TR--106232; CONF-960330--
- Country of Publication:
- United States
- Language:
- English
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