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Canfield council adopts opt‑out electric aggregation agreement with Dyne Energy Services
Summary
The Canfield City Council on Feb. 11 approved an ordinance authorizing an agreement with Dyne Energy Services East LLC to continue an opt‑out electric aggregation program for city residents, following a presentation from energy broker Tom Bellish on current market prices and capacity-cost pressures.
Canfield City Council on Feb. 11 voted to adopt an ordinance authorizing the city to enter an opt‑out electric aggregation agreement with Dyne Energy Services East LLC, a single‑year contract intended to lock in a supplier price for the municipal aggregation program.
The move follows a presentation by Tom Bellish of Fakayama Chi Brokers, who said the proposed aggregation price would be about 8.66 cents per kilowatt‑hour and described the market forces behind recent price swings. "So what we have here is a renewal of the electric aggregation price," Bellish said. He added that the city’s prior three‑year fixed price had been 4.97 cents per kilowatt‑hour and was “a great price” for residents.
Bellish told council the regional PJM capacity costs are driving much of the increase: "Capacity rates currently are about $29 per…
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