Information on Community Choice Aggregation (CCA) Program

Updated: November 22, 2022

Village of Cold Spring
 
Community Choice Aggregation (CCA) Program Update
 
The Village of Cold Spring has participated in the Hudson Valley Community Power (HVCP) renewable energy program since 2019, providing their eligible residents and small business with the benefits of renewable electricity supply. The Village is considering continuing the program in Spring 2023.
 
Formed in partnership with Joule Community Power, a division of Joule Assets, Inc. (Joule), Hudson Valley Community Power is a community choice aggregation program that enables participating communities 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.
 
Since Summer 2019, the Hudson Valley Community Power program has served households and small businesses in ten communities with 100% New York State renewable power.
 
Participants have collectively saved more than $8 million through the program’s fixed electricity supply rate since program renewal in July 2021. This is a savings of $300-400 for the average household. In addition to savings, the program’s 100% NYS renewable supply has significantly reduced the region’s carbon footprint and advanced the state’s clean energy goals.
 
While the second contract ended earlier than expected, the program manager, Joule, is working with HVCP municipalities to deliver a new CCA offering through an upcoming bid with an expected program launch in Summer 2023.
 
In late Spring 2023, Joule will present the Village of Cold Spring with prices and the option to select between the standard fixed-rate (like previous contracts) or a new variable-rate offer. The Cold Spring Board of Trustees will seek feedback from residents through public meetings, consider the options available, and decide whether or not to move forward with an offering. 

If the Village of Cold Spring selects to continue in the CCA, participants can opt-out of the program at any time with no penalty. Joule will provide clear instructions on the opt-out process, which can be done by mail, phone, and online. 
 
Public information sessions will be scheduled over the next two months about the general program, how it can benefit residents and small businesses, and to answer your questions. Additional information sessions will occur in 2023 if the Village signs a contract for a new CCA electricity supply rate.  Information on upcoming information sessions can be found here: www.hudsonvalleycommunitypower.com/events
 
For more information about the Hudson Valley Community Power program, please visit hudsonvalleycommunitypower.com, call the helpline at (845) 859-9099 or email at info@hudsonvalleycommunitypower.com