Good Energy at KEMA Part 2: Poised for Massive Expansion

This is the second in an eight part series looking at Charles de Casteja, Managing Partner for the New York based municipal aggregation consulting firm Good Energy, at the 2013 KEMA Conference.

The concept of joining together the electricity needs of an entire community in an effort to purchase the electricity at a lower rate, known as municipal energy aggregation, is growing nationally. Along with municipal energy aggregation,Good Energy, a firm with an impressive resume in Illinois, is also expanding. “So far today, we represent 175 communities,” says de Casteja.  And for those communities, Good Energy is “saving them on an annual basis over 90 million dollars.”

Good Energy has expectations to continue to grow with momentum. Their expectation is “to grow to 1 million residents by the end of this year,” according to de Casteja. With that growth, he expects that Good Energy will “represent or buy for 1% of the United States on a household level.”

This immense expansion of the municipal energy aggregation sector in general, and Good Energy in particular, has been the changes in laws in several states, says De Casteja. “The biggest starter here was the law.” Municipal energy aggregation is only possible through the passing of  laws on the state level with the intention of deregulating energy supply. These legislative changes in Illinois made aggregation legal. Similar changes in New Jersey have opened the door for municipal energy aggregation to take hold there as well. The field for municipal energy aggregation will continue to expand as more states see resulting savings for residents.

For more information on municipal energy aggregation, click here.

Click here for Part 3.