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Lee County hears options as regional capacity charges push electricity rates higher
Summary
County finance committee discussed sharply higher capacity charges tied to PJM auctions and weighed options for the countyelectrical aggregation program, including price-match guarantees from MC Squared, multi-year offers, or returning customers to ComEd.
The Lee County Finance Committee on March 13 heard that regional capacity charges tied to PJMInterconnection auctions have jumped sharply, pushing projected electricity supplier rates up beginning in June and prompting county officials to weigh multiple options for the countyelectrical aggregation program.
Mike Mudge, who briefs the county periodically on aggregation bids, told the committee that recent capacity auction results are driving what he described as an eightfold increase in the auction price for the upcoming planning year. "We're at $287 per megawatt per day," Mudge said, explaining that the increase translates to roughly a three-cent-per-kilowatt-hour upward pressure on retail rates once the capacity charge is included. He…
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