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Mayor to sign 12‑month electricity aggregation with Constellation at $0.1089/kWh
Summary
Mayor Tracy Walz said the city will enter a 12-month aggregation contract with Constellation that locks a supply rate at $0.1089 per kilowatt hour; she said the shorter term responds to current market volatility.
Mayor Tracy Walz announced that the city’s community aggregation procurement resulted in a 12‑month contract with Constellation at a supply rate of $0.1089 per kilowatt hour.
Walz told the committee that the city had given the mayor authority to sign once rates were locked, and that procurement staff will execute the contract when it arrives. She said the selection of a 12‑month term — shorter than prior multi‑year contracts the city has used — reflects market volatility and an expectation that rates could decline in the near term.
Walz said residents currently enrolled in the city’s aggregation program should see little disruption because Constellation is already the provider. She said she will sign the contract when it is received unless any council member objects.
