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Lima officials warned of rising electric prices; consultant urges multi‑year aggregation strategy
Summary
An energy consultant told the Lima City Council that supply-demand shifts and a spike in capacity auction prices mean residents should expect higher electricity costs starting June 1; the consultant recommended a 3–5 year aggregation term and asked for authority to transact when market windows open.
Erin Schmerschneider, the City of Lima’s electric aggregation consultant with Trey Bell Energy, told the Lima City Council on April 7 that regional market factors are driving higher electricity costs and that the city should consider a longer contract term to limit future price exposure.
Schmerschneider said changes in generation and a steep increase in capacity auction prices have combined to push rates up. “The most recent auction that was held, cleared at 277 dollars,” she said, calling it “a 9x increase.” She added that the capacity charge component will rise substantially and that “your…
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