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pressure on electricity pricing in the short term,however Report of the pricing still remains at attractive levels. Cape Light Compact We expect pricing for the first half of 2013 to increase from their current levels in the high six-cent To the Honorable Board of Selectmen and the range to levels in the high seven-cent range. Citizens of the Town of Mashpee: In 2012,Cape Light Compact provided energy to Town of Mashpee Activities residents and businesses in accordance with a compet- itive electricity supply contract negotiated by the Mashpee Representative-Tom Mayo Compact with ConEdison Solutions. As of December 2012, the Compact had 7,790 electric accounts in the "It is a pleasure to serve on the Governing Town of Mashpee on its energy supply. Board for Cape Light Compact. The Compact is a key player in implementing a successful energy efficiency ENERGY EFFICIENCY program in Mashpee and across the Cape and Jan.—Dec. #of Customer kWh Rebates/Incentives Vineyard while assuring affordable energy for our res- 2012 Participants Savings Saved Paid to Customers idents and businesses. I look forward to continuing in Low Income 156 $46,486.60 232,433 $179231.66 this important work on behalf of the Town of Residential 672 $133,761.60 668,808 $480,351.63 Mashpee." — Tom Mayo Commercial 31 $78,670.80 393,354 $200,860.52 Cape Light Compact is an intergovernmental Total 859 $258,919.00 1,294,595 $860,443.81 organization consisting of the 21 towns and 2 counties on Cape Cod and Martha's Vineyard. The Compact's Funding for the energy efficiency programs (i.e. mission is to serve our 200,000 customers through the energy audits for homes and businesses,rebates on the delivery of proven energy efficiency programs,effec- purchase of energy efficient appliances and energy edu- tive consumer advocacy, competitive electricity sup- cation in our schools) comes from a monthly customer ply and green power options. "energy conservation" charge ($0.0025 cents multi- plied by the number of kilowatt hours used during the POWER SUPPLY month) that appears on each customer's electric bill. Natural gas prices continue to be the primary dri- ver of electricity prices in New England since natural Other Cape Light Compact Efforts Include: gas generation sets the price for most hours of the year in New England. There are two primary inputs to nat- ural gas prices: the fuel itself and the cost to deliver it built in the Town of Mashpee. into New England (or basis). Natural gas futures are • Cape Light Compact continues to support energy traded on various financial markets, and the major education to Mashpee High School and Quashnet price index people use is an index called Henry Hub, School through classroom visits, teacher work- which is a delivery point near the Gulf of Mexico. shops,curriculum and free materials. During the first half of 2012, natural gas future • The graph below depicts the lifetime generation prices on Henry Hub remained low and relatively stable of electricity and avoided CO2 at the Mashpee due to an abundant supply of the fuel, though they High School since its installation in 2006,as began increasing somewhat after hitting lows in March part of the Solarize Our Schools program. and April. Natural gas future prices increased modestly in the second half of 2012,but continued strong supply solarize our schools- has helped cap prices from increasing significantly at Mashpee High school 30,000 Henry Hub. More significantly,the cost to deliver nat- ural gas to New England has risen significantly since 25,000 the beginning of the year, primarily for the winter 20'0 15,000 _-- -- ■Electricity Generated months, when there are constraints on the amount of ■CO2Avoided(Ibsi natural gas that can be imported into the region. This 10,000 second cost component of natural gas is putting upward 5,000 Ea0 2007 2008 2009 2010 2011 2012 100