ACTION REQUESTED:
Title
Communication from the City Manager with a Request for the following:
A. APPROVE an Amendment to the Services AGREEMENT with GOOD ENERGY, L.P.
B. APPROVE a RESOLUTION Authorizing the Execution of a Service Agreement for the SUPPLY OF ELECTRICITY for Residential and Small Commercial Retail Customers Who Do Not Opt Out of Such a Program (ELECTRIC AGGREGATION).
Body
BACKGROUND: On October 25, 2011, the City Council approved a professional services agreement with Good Energy, L.P. to assist the City with the creation and administration of a municipal aggregation program. Municipal aggregation is a program created under State law that allows communities to purchase the supply of electricity on behalf of its residents (regardless of usage) and small commercial account holders (less than 15,000 kWh per year). The program is voluntary for individual account holders through a process called "opting out." Each account holder is given two chances to decline the aggregated price at the time the price goes into effect. Further, account holders can exit the program at any time with no penalty.
Since late 2011, Good Energy has provided excellent service to the City and surrounding communities. In addition to the City of Peoria, Good Energy represents nearly every other community in Central Illinois including Peoria County, Pekin, East Peoria, Morton and Peoria Heights. Good Energy was successful in getting the required referendum passed in March 2012, organized successful bids for electricity supply in 2012 and 2013, and has administered a program that has saved households and the community considerable money with no problems. Just as importantly, the supply contracts have been for 100% renewable energy. The Services Agreement expired in August 2014 but Good Energy has continued to provide the City with advice and guidance. Since the City was in the middle of a two-year supply contract in 2014, renewing the Services Agreement ...
Click here for full text