Submitted By
Cara Pavlicek, Village Manager
Reviewed By
CLP
Agenda Item Title
Title
A Resolution Approving an Extension of the Electric Power Supply Contract with Constellation Energy Services, Inc. for the Oak Park Community Choice Aggregation Program at a Projected Rate of 7.179?/kWh (Standard Power) for Four (4) Months Inclusive of the 0.3?/kWh Local Fee to Support the Smart City USA or Renewable Energy Projects within the Village and Authorizing its Execution.
End
Overview
Overview
The Village is working with Mark Pruitt, Principal of the Illinois Energy Choice Aggregation Network relative to the Community Choice Electrical Aggregation program and received final pricing on Monday, April 17, 2017, from Constellation for a four month period.
Body
Staff Recommendation
Staff recommends approval of the four month extension at 7.179 cents/ kWh based upon pricing received today.
Fiscal Impact
To be determined.
Background
The Village is working with Mark Pruitt, Principal of the Illinois Energy Choice Aggregation Network relative to the Community Choice Electrical Aggregation program. The Village's current Electric Power Supply with Constellation, at a rate of 6.799?/kWh (standard power and inclusive of the local 0.3 cent fee to support renewable energy) will end June 30, 2017.
In conjunction with Mr. Pruitt, staff recommends the Village extend the Community Choice Aggregation program for a minimum of four months of 2017 to allow for improved alignment with the ComEd current pricing cycle. Staff also is recommending continuation of the collection of the local fee to support renewable energy. It should be noted that ComEd is expected to announce its new rates in June and they are expected to be very close to the recommended fixed rate with Constellation.
Should the Village Board approve a contract extension with Constellation at the April 17, 2017 meeting, it is important to note that residents will receive a mailing from Constellation provid...
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