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Gatesville ISD board approves recommendation to lock long-term electricity contract with Shell Energy
Summary
Trustees approved staff's recommendation to enter an 84-month electricity contract with Shell Energy beginning May 1, 2027 at $0.06297/kWh, citing volatility in commodity prices and current district rates; the motion passed unanimously.
Assistant Superintendent LeighAnn Goodwin asked trustees to consider locking a long-term electrical contract ahead of anticipated market volatility. She reported the district is currently in year 4 of a six-year contract with Engie at $0.0419 per kilowatt-hour; Goodwin contrasted that with then-current averages — commercial: $0.0913/kWh, consumer: $0.1483/kWh, and a national rate of $0.1663/kWh according to the U.S. Energy Information Administration — and said staff recommended entering an 84-month contract with Shell Energy at $0.06297/kWh beginning May 1, 2027, with an option to renegotiate the price if market conditions improved. Trustees approved the recommendation (motion by Loyd Hopson, seconded by Cheyenne Kizer).
The approved approach locks a near-term per-kWh price for a long contract term to mitigate the risk of rising commodity costs; the board recorded unanimous approval and staff will proceed with contract steps.
