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Council authorizes manager to sign electric aggregation agreement to seek lower rates
Summary
The Wyoming City Council gave the city manager authority to execute a contract recommended by Energy Alliances Inc. for the city's electric aggregation program, after hearing that market and capacity costs have pushed indicative prices above the current fixed rate.
The Wyoming City Council authorized the city manager to execute an electric aggregation agreement with a supplier recommended by Energy Alliances Inc., a step officials said is intended to protect residents from rising market and capacity charges.
Kathy Dieters of Energy Alliances Inc. told council the city's current aggregation contract, which set a fixed electric rate at 6.71 cents per kilowatt-hour, expires in July. "There is an increase that's gonna impact every rate payer," Dieters said, citing higher market power prices and rising capacity charges set by grid operator PJM.
Dieters said capacity costs — a portion of…
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