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Council authorizes mayor, finance director to execute electric supply contract when market conditions are right
Summary
On a roll-call vote March 9, Grandview Heights council approved Ordinance 2026-03, authorizing the mayor and finance director to enter an electricity-supply contract when staff deems market timing favorable; the current contract expires June 6.
Grandview Heights council on March 9 approved Ordinance 2026-03, authorizing the mayor and director of finance to enter into a new electric supply contract for city customers when market timing is favorable. The ordinance passed by voice/roll call; council recorded multiple "yes" votes and staff noted the current supplier agreement expires on June 6.
Director Miller explained that the ordinance grants authority for the mayor and finance director to contract when Energy Alliances indicates a favorable window and that the city will monitor markets, including renewable energy credit (REC) considerations. Council discussed whether a narrow price threshold should be hard-coded in the authorization and recalled a prior staff memo that referenced a pricing benchmark (approximately 10.9 cents per kilowatt-hour) as guidance for moving forward; members agreed staff would return with recommended numbers if market conditions changed materially.
Council moved the ordinance and members voted in favor on the recorded roll call. The finance department and mayor’s office will coordinate timing, market monitoring and any subsequent council updates required by negotiation outcomes.
