IGS Energy outlines strategies for cost savings in borough energy supply

During the recent Borough Council Workshop Meeting held on April 3, 2025, in Narberth, Pennsylvania, discussions centered around energy management and sustainability initiatives. The meeting aimed to provide council members with an update on the borough's energy supply strategy and the potential for cost savings through direct partnerships with energy suppliers.

The session began with an introduction from a representative of IGS Energy, a significant player in the energy retail market. The representative emphasized IGS's unique position as the largest privately held energy retailer, which allows for a customer-focused approach without the pressures of shareholder demands. This perspective is particularly relevant as Narberth seeks to enhance its sustainability measures while managing energy costs effectively.

A key point of discussion was the borough's previous reliance on a third-party broker for energy supply, which often resulted in higher costs due to additional fees. The representative explained that by partnering directly with IGS, Narberth could eliminate these broker fees and secure a more competitive rate for energy supply. This shift not only promises immediate financial benefits but also aligns with the borough's long-term sustainability goals.

The meeting highlighted the importance of understanding the distinction between energy distribution and supply. PECO remains the distribution company for Narberth, but the borough has the flexibility to choose its energy supplier. By opting for IGS, Narberth can lock in lower rates and potentially stabilize energy costs for residents.

As the meeting progressed, council members were encouraged to engage with the presentation, asking questions and seeking clarification on the implications of these energy strategies. The discussions underscored the borough's commitment to exploring innovative solutions for energy management, which is crucial given the increasing focus on sustainability in local governance.

In conclusion, the workshop served as a platform for Narberth's Borough Council to assess its energy strategies and explore avenues for cost savings and sustainability. The anticipated next steps include further discussions on the implementation of these energy initiatives and continued engagement with IGS to maximize benefits for the community. The council's proactive approach reflects a growing recognition of the importance of energy management in fostering a sustainable future for Narberth.