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Trappe Council Chooses 24-Month Fixed Electric Rate to Avoid Delmarva Power Default Pricing
Summary
CQI Associates presented electric supplier options and the council unanimously approved a 24-month fixed-rate supply contract to avoid reverting to Delmarva Power's higher default rates when the town's current contract expires in December.
Richard Anderson of CQI Associates presented updated electric supplier rate options and warned that, without a new contract, the town would default to Delmarva Power's rates when the current agreement expires in December. After reviewing options, the council approved a 24-month fixed-rate contract.
Commissioner Walter Chase moved to select the 24-month fixed-rate option and Commissioner Michael Sullivan seconded; the motion was unanimously approved. The council did not record a vote tally in the minutes beyond unanimous approval; the selected contract term is meant to provide rate stability through the next two years.
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