(BOSTON, Mass.) August 30, 2017 – PowerOptions, the area’s leading energy buying consortium of nonprofit and government entities, announced today the selection of a new electricity supplier for its retail energy program. Constellation has been selected through a competitive bidding process for an estimated $300 million four-year contract.
“This selection was the culmination of an extensive competitive process,” said PowerOptions CEO Cynthia Arcate. “We received proposals from a number of suppliers interested in helping our members navigate today’s energy market. We looked for a creative approach that would provide real value for our members—and we found it in Constellation.”
Through the relationship with Constellation, PowerOptions’ members will continue to receive competitive pricing, favorable terms and conditions, as well as solid customer service and support. In addition, Constellation offers energy technology products and services, including electric vehicle charging stations, data analytics, and energy storage. They also offer members the option to fund energy efficiency measures as part of their monthly supply electricity bill.
“We look forward to working with PowerOptions and supporting its mission to help nonprofit and public sector members better manage their energy use and costs,” said Mark Huston, president of Constellation’s national retail energy business. “As the nation’s leading competitive energy company, PowerOptions’ members can rely on Constellation to provide a wide range of energy products and services, competitive pricing, favorable contract terms and an effortless customer experience.”
Electricity supply under the new contract will begin in June of 2019. Until that time, Direct Energy will continue to be the electricity supplier for PowerOptions members. The additional services offered by Constellation will be available to PowerOptions members immediately.
“For over 10 years, PowerOptions has worked with Direct Energy to address the needs of our members as the industry has changed. But, as we look to the future, we believe that Constellation is the right choice for us and our members,” said Arcate.
PowerOptions currently serves over 500 members, including hospitals, higher education institutions, municipalities, state agencies and smaller nonprofits, in Massachusetts, Connecticut, and Rhode Island. Those members purchase about $200 million annually in energy through programs for electricity and natural gas. The electricity program has nearly 200 megawatts of demand and one billion kilowatt-hours.
For more information about the new supply contract with Constellation, visit www.poweroptions.org/constellation.
PowerOptions is a nonprofit energy buying consortium that delivers cost savings and predictability to nonprofits and the public sector in New England. Headquartered in Boston, PowerOptions serves its nearly 500 members with electricity, natural gas and solar. The largest group of its kind, PowerOptions has combined annual energy sales of approximately $200 million. With a 95 percent member retention rate, a proven supplier selection process and a dedication to personalized customer service, PowerOptions provides programs, services and solutions that educate and bring value to its membership. Established in 1998, any nonprofit or public institution in Massachusetts, Rhode Island and Connecticut is eligible to participate in this collective purchasing effort. For more information, visit www.poweroptions.org or follow on Twitter at @PowerOptions.
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation’s family of retail businesses serves more than 2.2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with 2016 revenues of approximately $31.4 billion, and more than 35,500 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.