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Trebel urges Waynesville to lock current energy generation costs with three-year addendum
Summary
Trebel representative Joe Garrett told the Waynesville Public Works Committee the village's energy aggregation program expires in June and recommended a three-year addendum to lock generation costs now; the plan would fix year one and link years two and three to generation with capacity fees adjusted later.
Joe Garrett, a representative of Trebel, told the Village of Waynesville Public Works Committee on Feb. 3 that the village's current energy aggregation program is set to expire in June and recommended locking in current generation costs with a three-year addendum. "Energy prices are escalating due to production not keeping up with the growing demand," Garrett said.
Garrett described the proposal as a three-year program: the first year would offer a fixed rate, while the second and third years would be tied to generation costs. He said a pass-through capacity fee would be adjusted later once capacity costs "have settled." Garrett suggested Village Council approve an addendum now to secure present generation costs and reduce near-term market exposure.
Committee members did not record a vote on the recommendation during the meeting; Garrett framed the proposal as one for Village Council action rather than an immediate committee vote. The transcript does not record specific projected dollar rates or an implementation timeline beyond the June contract expiration.
Next steps noted in the meeting: Village Council consideration of an addendum to extend/renew the energy aggregation arrangement before the current program expires in June.
