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 NewEnergy, Inc. for the Oak Park Community Choice Aggregation Program at a Rate of 7.60 cents/kWh for a one (1) year period inclusive of the 0.3 cents/kWh to support the Smart City USA program for 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 competitive pricing will be taken on Monday, August 7, 2017. Based upon pricing received, a recommendation will be provided for review and consideration at the meeting.
Body
Staff Recommendation
Staff supports the Consultant's recommendation to execute a 12-month contract extension through September 2018 with Constellation, and monitor new ComEd pricing when announced in Spring 2018 to determine whether a subsequent competitive solicitation or contract extension with Constellation is economically attractive.
Fiscal Impact
The recommended Electric Power Supply Contract with Constellation for the Oak Park Community Choice Aggregation Program is for 7.6?/kWh (standard power) inclusive of a 0.3?/kWh local fee to support the Smart City USA renewable energy projects within the Village.
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 is at a rate of 7.179 cents/kWh inclusive of the local 0.3 cent fee to support renewable energy) will end October 31, 2017.
In conjunction with Mr. Pruitt, staff recommends the Village continue the Community Choice Aggregation program, subject to bid results, along with continuation of the collection...
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