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City utilities committee recommends 12‑month electricity aggregation amid volatile market
Summary
City utilities committee discussed proposals for a 12‑month municipal electric aggregation to lock a lower average supply rate for residents and the city, acknowledging market volatility and tradeoffs with longer contracts.
The City Utilities committee on Feb. 24 discussed an electric supply aggregation proposal aimed at protecting residents who prefer a city‑managed supply option amid rising and volatile wholesale power prices.
Todd Free, director of public utilities, and consultant Eric Burns briefed committee members on recent market movement. Free said several suppliers were offering varying rates and recommended a short, 12‑month aggregation contract with Dyna‑G (formerly Energy Harbor) that would secure a rate the administration considers…
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