City of Nashua Paring ané Zoning
Building Safety
Community Development Division Code Enforcement
City Hall, 229 Main Street, PO Box 2019 Cen Programs nigsion
Nashua, New Hampshire 03061-2019 Transportation
www.nashuanh.gov FAX
589-3095
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October 4, 2016
To: Finance Committee
From: Madeleine Mineau, Waterways Manager
Re: Jackson Mills Group Net Metering Agreement
Under the current agreement between the City and Essex Power Services for the operation and
maintenance of the Jackson Mills Hydroelectric facility, Essex has the responsibility to
“negotiate and sell the energy” generated. Essex recently negotiated an advantageous
opportunity to increase revenues from the sale of electricity at Jackson Mills Hydro facility. The
contract sets forth terms to enter into a group net metering agreement administered by Standard
Power of America for a term of 1 year. We anticipate that in November 2017 when third party
electricity supplier contracts expire, we will be able to group net meter Jackson Mills with City
electricity accounts. Until then, this agreement would substantially increase revenues compared
to selling electricity to the utility at the hourly market rate.
Thus far in 2016 the average price per kWh sold has been 2.3 cents. This group net metering
agreement would increase revenues to 7.5 cents per kWh generated, increasing revenues from
the sale of electricity more than 3-fold.
Energy markets are volatile and the window to enter into this agreement is shorter than the
typical legislative process for the approval of contracts. Under their authority to negotiate and
sell the electricity generated at Jackson Mills has negotiated this contract but the City is party to
the contract as the owner of the facility.
cc: Sarah Marchant, Director Community Development Division
