Submitted By
Mindy Agnew, Sustainability Coordinator
Agenda Item Title
Title
Update on the Electric Power Supply Contract with Constellation Energy for the Village's Community Choice Electrical Aggregation (CCA) Program
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Overview
Overview
Staff and Mark Pruitt, Principal of Illinois Energy Choice Aggregation Network (ICCAN) recommend that the Village consider seeking two options from electricity retail suppliers relative to the Community Choice Electrical Aggregation (CCA) program in which the Village entered into an electricity power supply contract after a competitive bidding process. The Aggregation 1.0 option would extend the CCA program for another 12-24 months, and the Aggregation 2.0 option explores alternative renewable energy supply options like Community Solar, made more accessible through the Future Energy Jobs Act for Illinois' municipalities. Both options could continue the collection of 0.3?/kWh fee for use in supporting local energy projects.
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Anticipated Future Actions/Commitments
Recommendation
Staff has developed a review summary supporting the recommendation to seek two viable energy options for the Village's CCA program that includes a Community Solar incentive option. A brief update report follows for discussion.
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Report
The Village of Oak Park through a 2011 Municipal Referendum, adopted a CCA program for the electricity supply for residential and some small business properties. In October of 2015, this program started collecting a 0.3?/kWh local fee to support renewable energy projects within the Village.
The current retail contract rate with Constellation Energy is 7.6?/kWh and the supply contract ends in October 2018. Village staff is seeking alternative renewable energy retail supplier incentives to offset rate increases anticipated for late 2018 and 2019.
ComEd recently posted its June 2018-19 rates, which are up slightly compared to last year by $0.00321/kWh for summer months and $0.00639/kWh for non-summ...
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