The New Bedford and Fall River Area Chambers of Commerce have built a collaboration of the largest users of electricity in the New Bedford and Fall River area called the SouthCoast Electric Power Group (SCEPG). The aggregation formed in 2002 and was only the second aggregation in the state to competitively bid its generation costs in Massachusetts. The initial three-year contract that expired in December 2004 was a $60 Million dollar contract. Participants in this first SCEPG aggregation collectively saved approximately $10 Million over the life of the contract.
The purpose of the SouthCoast Electric Power Group is to help some of our largest members control one of their highest expenses – the cost of electricity. By making our largest members healthier we enable them to keep jobs in the New Bedford and Fall River areas and hopefully grow and expand.
Currently, forty companies from the Greater New Bedford and Greater Fall River areas participate in the SouthCoast Electric Power Group. The South Coast Electric Power Group includes some 832 utility accounts across 40 organizations with an aggregate annual electricity load of roughly 250,000,000 kWh representing an estimated annual budget amount of approximately $19 Million.
The New Bedford and Fall River Area Chambers of Commerce have built a collaboration of the largest users of electricity in the New Bedford and Fall River area called the SouthCoast Electric Power Group (SCEPG). The aggregation formed in 2002 and was only the second aggregation in the state to competitively bid its generation costs in Massachusetts. The initial three-year contract that expired in December 2004 was a $60 Million dollar contract. Participants in this first SCEPG aggregation collectively saved approximately $10 Million over the life of the contract.