Lancaster Select Board Meeting Agenda Packet February 17 2026
Town Aggregation Electricity Rate Amended with Colonial Power Group
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Description
Lancaster Select Board approved a contract amendment with Colonial Power Group to increase the municipal electricity aggregation rate by $0.01141 per kWh effective March 2026, with the contract term continuing through November 2028, due to market regulatory events.
Contract Details
Contract Amount
Rate increase by $0.01141 per kWh; original contract rate $0.14087 per kWh, new rate $0.15228 per kWh until November 2028
Vendor
COLONIAL POWER GROUP
Agency
Town of Lancaster, MA
Contract Type
UTILITIES
Document Date
February 17, 2026
Contract Term
Through November 2028
Renewal Date
2028-11-30
Renewal Info
The contract was originally fixed price but includes provisions for market-based adjustments. This rate increase is an amendment responding to regulatory market events.
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