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Council discusses next steps on citywide electric aggregation as capacity prices rise; special meeting planned
Summary
Council reviewed bids for the city’s retail electric aggregation as capacity prices climbed; Energy Alliance and incumbent supplier recommended a short-term contract authority for the city manager to sign when market conditions are favorable. A special council meeting was scheduled April 7 to consider action before rates expire.
Delaware City Council heard a detailed briefing on the city’s retail electric aggregation program and the results of a recent supplier solicitation, and agreed to schedule a special meeting to decide whether to renew supply contracts before the current aggregation contract expires.
City staff and Energy Alliance consultant Rich Sarace reviewed the procurement results and explained that wholesale capacity costs — the component of power pricing that pays for reserve generation — have risen sharply and are driving a steep…
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