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Loveland council adopts 12‑month electric aggregation contract with DynaG as market prices rise
Summary
Loveland City Council voted 7‑0 to approve an emergency ordinance directing the city manager to sign a 12‑month electric supply agreement with DynaG Energy Services LLC after consultants reported sharply higher market rates and ongoing volatility in the PJM market. Residents will be automatically enrolled with an opt‑out option.
Loveland City Council on an emergency vote approved an ordinance directing the city manager to execute a supply agreement with DynaG Energy Services LLC to continue the city's electric aggregation program beyond April 30, 2025, the end of the current supply contract. The measure passed by roll call vote, 7 to 0.
The city’s assistant city manager, Chris Wynich, told council the market for energy supply has become volatile and that proposals returned to the city in January showed higher prices than the city’s previous four‑year contract. Wynich said the city’s consultant, Independent Energy Consultants (IEC), recommended a 12‑month contract to allow the city to revisit terms if market conditions stabilize. “This is a market standard,”…
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