Council discusses renewal options for city electric accounts and vendor pricing
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Summary
Councilors reviewed options for an upcoming March 2025 renewal affecting 19 city electric accounts and discussed quoted power-plus prices (figures recited in the meeting ranged around 7.79¢ and 7.52¢ per kWh for different term lengths). Staff will provide account bills to the vendor and arrange follow-up meetings.
Chrissy (S2) told the council that 19 city-owned electric accounts will be up for renewal in March 2025 and that the administration has options for those accounts. Councilors distinguished between residential/small commercial aggregation and larger city accounts, noting different rate schedules.
The group discussed quoted pricing for different contract lengths beginning March 2025. One quoted figure given in the discussion was 7.79¢ per kWh; another figure mentioned for a 36-month term was 7.52¢ per kWh. Participants said the figures came from the vendor's email and that prices could change; Speaker 1 said the market may shift and advised relying on the vendor's suggestion when finalizing terms.
Chrissy said she would email the vendor after the holidays, provide copies of recent bills for all accounts, and check whether the vendor can meet with the city before decisions are finalized.
What happens next: Staff will share account billing data with the vendor and schedule follow-up conversation(s) as needed; the council flagged March 2025 as the effective start for new power contract terms, with several term-length options under consideration.