REGGI rebates passed along to Wolfeboro MED customers
April 01, 2021WOLFEBORO — Wolfeboro Municipal Electric customers will see a slight reduction in their electric bills for three months commencing in April. Barry Muccio, Director of Opertions for the Municipal Electric Department received approval from the Board of Selectmen n March 3 for distribution of a little over $100,000 in RGGI rebate dollars from the last quarter to customers through a .0064 cent reduction per kilowatt hour. That could amount to about $5 per customer.
RGGI ( Regional Greenhouse Gas Initiative) is a program that limits carbon emissions from power plants, with a trading market for allowances to exceed those limits. (Fossil fuel burning power plants must purchase allowances for every ton of carbon dioxide they emit.) States can split revenues between customer rebates and clean energy programs.