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Council approves amended electric aggregation service after prices rise above prior cap
Summary
Lewisville approved an emergency amendment to its retail electric aggregation marketing agreement after market offers exceeded the prior contract cap; staff said an 18‑month option at about 10.53¢/kWh would begin June 1 and residents may opt out at any time.
The Lewisville City Council on April 6 unanimously approved an emergency ordinance authorizing an amended service agreement to support the city's competitive retail electric supply aggregation.
City staff told council the prior ordinance (No. 2512) had set a per‑kilowatt‑hour cap for aggregated service. Recent market offers exceeded that cap; staff presented an 18‑month contract priced at approximately 10.53 cents per kWh, about 1 cent higher than the previous aggregated price of 9.52 cents per kWh. The amendment was required because the new price exceeded the authorization in the prior ordinance.
Staff explained the 18‑month term was chosen because it was the least expensive option available and would time the next market solicitation for a lower‑demand season. They also stressed that individual residents remain free to opt out of the city's aggregation and enroll elsewhere without termination fees. If the ordinance passed by emergency on April 6, the amended service would take effect in time to begin when the current contract ends in June.
Council members asked about outreach and how the city would notify residents of opt‑out options; staff said the city could run an informational campaign on social media if rates become less favorable. No penalties or forced enrollments were added; staff noted aggregation usually secures lower rates by leveraging larger customer pools.
The ordinance was adopted by emergency vote and declared passed and enacted.
