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City locks 48‑month electricity contract as prices rise; staff urged local renewables exploration
Summary
The commission approved a 48‑month electricity supply agreement with Dinergy Energy Services East LLC for select city facilities and streetlights, citing market capacity spikes and a recommendation to lock current competitive pricing.
The Springfield City Commission authorized a 48‑month electricity supply contract with Dinergy Energy Services East LLC for selected city facilities and streetlights for a not‑to‑exceed amount of $6,116,381.
City staff told commissioners that wholesale capacity costs in the PJM market recently spiked and that a competitive fixed price offer from Dinergy (listed in the agenda as Dinergy Energy Services East LLC) averaged $6.93 per…
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