Monterey Bay Community Power today unveiled major changes including its new name, Central Coast Community Energy.
The agency also announced a new and affordable pathway to reach its goal of reducing greenhouse gas emissions.
CCCE says its strategy ensures 60% of its energy supply will come from new renewable resources by 2025, and 100% by 2030. This would put CCCE 15 years ahead of the state’s clean energy goals.
CCCE estimates this will help the agency save up to $10 million a year, or possibly over $100 million by 2030.
The agency’s service area covers 29 cities, including the cities of San Luis Obispo and Morro Bay. Santa Barbara and San Luis Obispo counties will join CCCE’s existing service area starting in early 2021.
“As many businesses and residents in our community know, realizing the benefits of community choice energy is something the Monterey Bay and Central Coast have long been striving for,” shared CCCE Policy Board Chair and Santa Cruz County Supervisor, Bruce McPherson, “The welcomed expansion and name change to Central Coast Community Energy underscores the commitment of our agency to continue to exceed our state’s climate and energy related goals.”
Despite the name change, CCCE says it remains committed to local control and competitive prices for clean energy.