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District outlines reverse power-auction process; budget hearing set for May 5
Summary
A district official explained the planned reverse auction to secure electricity supply and warned that distribution charges could drive next-year costs; the public hearing on the 2025–26 budget was scheduled for May 5.
A district staff member explained the Glen Rock Public School District's plan to procure electricity through a reverse auction and reminded the board that the public hearing on the proposed budget is scheduled for May 5.
The speaker said the district uses a consultant to run a reverse auction for electricity (not natural gas) and that, after bids are collected, the district will set a "strike price" that permits the business administrator to enter into a power agreement at that price or lower. If results are unsatisfactory, the district may reject bids and rerun the auction. "Once we have that strike price ... the reverse auction will begin," the presenter said.
The presenter warned that next year's increase in district electricity costs is likely to be driven by distribution charges rather than supply, citing emerging demand from data centers and other load drivers that affect distribution rates. He also said if the district is not satisfied with auction prices it can reject them and run the process again.
The administration reiterated that the public budget hearing is scheduled for May 5; no action on the procurement was taken during the meeting.
