Haverford committee hears energy update: contracts, RECs and PJM capacity risk

Kate Stanley of Provident Energy updated the Haverford Township School District Finance & Facilities Committee on the district’s current energy contracts, renewable-energy-credit (REC) options and a PJM capacity auction that is likely to raise capacity charges for 2025–26.

The update matters because capacity charges set at the regional level and choices about RECs can change the district’s total energy bill and budget planning for 2025–26. Committee members discussed REC purchase timing, the possible effect of planned solar arrays and the value of a facilities energy audit.

Stanley said the district’s natural-gas contracts were renewed in June 2024 and run through parts of 2028; low-volume gas accounts remain with UGI Energy Services and high-volume (transportation) accounts are with NRG. Electric supply agreements were executed in early November 2024 with WGL and are contracted through June 2027. Stanley said the district recently purchased RECs for a short November–June term and that no RECs are currently secured to cover the WGL agreement that begins July 2025.

On REC pricing, Stanley reported recent quotes from WGL at about $3.24–$3.33 per REC depending on term: roughly $3.25 per REC for a 12-month tranche and about $3.33 per REC if purchased up front to cover a 24-month contract. She said the…