Submitted By
Ahmad Zayyad, Deputy Village Manager
Reviewed By
CLP
Agenda Item Title
Title
A Resolution Approving the Renewal of the Power Supply Agreement with MC-Squared Energy Services, LLC for the Oak Park Community Choice Aggregation Program Through May 31, 2022 Inclusive of the .3?/kWh to Support Sustainability and Renewable Energy Projects within the Village and Authorizing its Execution
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Overview
Overview
Staff is seeking approval on extending the existing contract with Community Choice Aggregation program (CCA) energy supplier MC-Squared Energy Services, LLC (MC2). The current contract expires at the end of October 2021. The Village has contracted with the Illinois Community Choice Aggregation Network (ICCAN) Principal, Mark Pruitt, for technical services related to the Village's administration of the CCA. Principal Pruitt presented at the July 26, 2021 Village Board meeting and provided an overview and recommendation based on market and regulatory factors.
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Recommendation
Recommendation
Staff concurs with the Village Consultant, ICCAN, and recommends extending the contract with MC2 for approximately seven (7) months. Doing so will synchronize the aggregation contract with the ComEd annual pricing cycle (which runs from June through May) allowing for easier comparison of future fixed price offer options.
Fiscal Impact
The potential extension of the MC2 contract will allow residents to remain in the Aggregation program and receive electricity at a rate that is tied to and floats with the ComEd rate, inclusive of the .3?/kWh fee to support sustainability and renewable energy projects within the Village. The MC2 services will be at no cost to the Village and residents currently in the Village's aggregation program who subscribe to community solar will not leave the aggregation program and will continue to pay the ComEd default rate and will continue to pay the .3?/kWh Village aggregation fee.
It is also noted that residents may...
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