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Energy consultant recommends 28-month fixed electricity purchase, 50/50 gas hedging to stabilize Proviso 209 costs
Summary
IGS consultant Sam Lewis told the board a 28-month fixed electric supply contract and a half-hedged natural gas strategy would protect the district from market reliability charges and volatility; administrators plan to seek contract approval through the consent agenda.
An energy-supply consultant recommended that Proviso Township High School District 209 lock in a 28-month fixed electricity contract and hedge 50% of its natural gas volume to protect the district from market volatility and rising capacity charges.
Sam Lewis of IGS, who presented to the board on March 11, said the PJM grid operator’s increased reliability (capacity) charges are a major upward pressure on electricity prices in Illinois. Lewis recommended a fixed-position electricity contract for 28 months to provide budget stability and to hedge against possible higher supply costs tied to grid reliability investments.
On natural gas, Lewis recommended a 50/50 approach:…
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