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District moves to lock fixed electricity supply as market pressure raises costs; ENGIE sales confirmation shows $0.08029/kWh
Summary
Facing rising electricity capacity charges, Prospect Heights SD 23 signaled approval to negotiate a fixed‑rate electricity supply agreement (recommended up to 48 months) for budget stability. An ENGIE sales confirmation included a $0.08029/kWh contract price for Dec. 1, 2025–Nov. 30, 2027 for the district's ComEd accounts.
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District administrators told the Board that energy markets have elevated capacity and supply costs, and recommended negotiating a fixed‑rate electricity supply agreement to provide budget certainty. In November 2025, Nania Energy Advisors advised the district that, under current market conditions, fixing supply could reduce exposure to extreme price volatility even though near‑term fixed rates will be higher than the prior contract.
An ENGIE Resources sales confirmation filed in the board materials (dated 11/20/2025) lists a Contract Price of $0.08029 per kilowatt‑hour for the district's ComEd accounts for the period 12/1/2025 through 11/30/2027. Administration's procurement memo said a fixed‑rate model could cost roughly $35,000 more per year compared with prior contracted rates but would reduce exposure to future price spikes; administration recommended negotiating a supplier agreement for a term not to exceed 48 months under the advisement of Nania Energy Advisors.
The Board did not vote to execute a specific supplier contract at the Dec. 18 meeting but approved authorization for administration to negotiate and execute an agreement consistent with consultant guidance. ENGIE's sales confirmation in the packet shows the listed contract price and the specific ComEd account numbers included in the proposed supply agreement.
