By MyFM's Rick Michaels - The Town of Bellingham has signed a new two year contract with Direct Energy, to supply electricity to residents and businesses with a lower locked in price under the Bellingham Power Choice Program. The program goals are to provide Bellingham electricity customers with the potential for cost savings, as well as price stability and strong consumer protections. Town Administrator Dennis Fraine says more than 47 hundred residents and businesses are participating in the Power Choice program which over the past two years with Agera Energy, could end up with about 440 thousand dollars in total savings. Fraine says with this new two year contract with Direct Energy the aim is to add longer term price stability in electricity costs, for the entire community. The new prices will apply to all rate classes with next month’s readings, the Power Choice Standard price will be 2.48 cents per kilowatt hour, lower than National Grid’s winter basic service price.