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Council discusses locking a 12‑month electricity supply contract; renewable option carries modest premium
Summary
City staff briefed council on expiring electricity supplier contract and recommended a 12‑month procurement window to manage market volatility; staff presented indicative pricing showing a modest premium for 100% renewable supply and asked for council guidance before locking a rate ahead of the November service changeover.
City officials briefed council on the city’s municipal electric accounts and the upcoming supplier contract renewal that must be in place before the current agreement ends in November 2025.
Senior Director (Operations) told council the city manages 67 municipal electric accounts and used about 4,200,000 kilowatt‑hours in 2024. The current supplier rate (locked since 2020) is 4.1¢/kWh; staff said market indications in May 2025 showed roughly…
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