Agera Energy’s Contract with Cambridge City

Agera Energy LLC is a retail energy supplier headquartered in 555 Pleasantville Rd, Bradcliff Manor NY 10510. It supplies 1.8 million customers both retail and commercial with electricity and natural gas.

In July 2017, the city of Cambridge Massachusetts entered into a contract with Agera Energy whereby Agera Energy was to supply the residents and businesses of the city with energy for the next 18 months.

The Cambridge Community Electricity Program saw the city put to use the bulk buying power of the entire community to negotiate with Agera Energy a better price for the supply of electricity. Agera Energy would purchase electricity from different electricity producers and sell it to the residents and businesses in Cambridge. The electricity would be distributed to the city’s residents, for a small fee, by the local electric utility company Eversource.

Agera Energy was to purchase at least 25% of the electricity to be supplied from renewable energy. This was higher than the 12% required by Massachusetts. All residents who were already enrolled in Eversource basic services became automatically enrolled in the Cambridge Community Electricity Program standard green option of 10.486 cents/KWH. Residents were also given the option of enrolling in 100% green providing 100% renewable energy electricity for 12.180cents/KWH. In addition to that, residents were given the option to opt out of this program at any time and with no penalty. The contract between Cambridge City and Agera Energy ended in January 2019.

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