A new programme has been launched to provide consumers in New York's Hudson Valley with clean, affordable and locally sourced energy.
The Hudson Valley Community Power has been launched by six communities in New York.
The six communities include the cities of Beacon and Poughkeepsie, the towns of Fishkill, Marbleton, and Philipstown, and the village of Cold Spring, in partnership with Joule Community Power (Joule).
Joule will act as a programme administrator whilst the town of Red Hook and the Town and Village of New Paltz will join the programme in September.
Hudson Valley Community Power will take advantage of the collective buying power of residents to provide them with cheap electricity.
Central Hudson remains responsible for delivery, repair, and billing services for all participants.
Consumers participating have signed to a two-year fixed rate for both renewable energy and standard supply.
Marbletown Supervisor Rich Parete said of the programme, said: "We're excited to move forward. This is a win-win-win opportunity for our residents in that they get a price that is roughly half a penny per kWh less than what they paid Central Hudson over the last year, they're protected against a volatile market with fixed rates for the next two years, and they are buying electricity generated from only renewable power sources."
"This programme is the result of a competitive procurement process," said Mike Gordon, Joule's Chief Executive Officer. "The partnership of communities selected Direct Energy as their default supplier because they were offered a unique combination of competitive pricing, consumer protection, and 100% renewable power."
Bruce Stewart, President of Direct Energy stated, "When communities and consumers demand innovative products, we're pleased we can deliver for them. For the first time in New York State, power will be sourced directly from local hydroelectric facilities. This is a cutting-edge achievement."
Hudson Valley Community Power is also offering community solar to consumers willing to subscribe to a local solar farm to save approximately 10% annually on electricity for up to 25 years.