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Sunbury committee hears recommendation to renew electric aggregation with 12‑month cap
Summary
Syla Energy representatives told the Services Committee that rising PJM capacity costs mean supplier offers have increased for the city’s electric aggregation program; the consultant recommended a 12‑month contract and a council resolution with a price cap so staff can lock in a supplier if the final offer stays below the threshold.
The Sunbury City Services Committee on Feb. 5 heard a presentation from Syla Energy representatives on options for renewing the city’s electric aggregation program, and staff recommended a one‑year contract with a price cap to allow staff to lock in a new supplier if the final price is acceptable.
Syla Energy representative Greg told the committee that the city’s current fixed supply rate of 6.48¢ per kilowatt‑hour (kWh) expires in May. He said supplier offers from a recent request for proposals included a 12‑month offer at 8.5¢/kWh, a 24‑month offer at about 9.3¢/kWh and a 36‑month offer at about 9.9¢/kWh. "The bad news is we do have a significant jump from where we have been," Greg said, adding that higher capacity charges…
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