New England energy buyers consider 2 year contracts with BP and Direct Energy

During the recent Strafford County Commissioners Meeting, discussions centered on energy procurement strategies that could lead to significant savings for the county. The commissioners explored the possibility of entering into two-year contracts for both gas and electricity, aiming to mitigate the impact of market volatility and secure lower pricing.

One commissioner highlighted the current energy market trends, noting that many residents and businesses in New England are opting for contracts that span two to three years. This approach allows them to lock in prices that are currently at a discount, providing a buffer against potential price increases in the future. The discussion emphasized the importance of acting swiftly to take advantage of these favorable rates, especially given the unpredictable nature of energy prices.

The proposed contracts would involve working with BP for gas and Direct Energy for electricity, both set for a two-year term. The anticipated savings from these agreements could be substantial, particularly in the gas sector, where estimates suggested a potential reduction of around 10%. This proactive strategy aims to shield the county from future price hikes while ensuring that residents benefit from more stable energy costs.

In addition to the primary focus on energy contracts, the meeting touched on other operational matters, though none appeared to have the immediate financial implications of the energy discussions. The commissioners expressed a commitment to making informed decisions that prioritize the financial well-being of the county and its residents.

As the county moves forward with these energy contracts, the potential for savings and stability in energy costs will be closely monitored, reflecting the commissioners' dedication to responsible fiscal management and community support.