Title
Electric Aggregation Rates
History
On March 20, 2012, Orland Park electors voted in favor of the Village of Orland Park operating an opt-out electric aggregation program for residential and small commercial retail customers.
The Village’s electrical aggregation consultant, David Hoover of NIMEC, has solicited proposals to facilitate the sale and purchase of electricity, related services and equipment. On Monday, May 7, the Village will be receiving pricing proposals from various electrical suppliers. Mr. Hoover will be on hand to discuss the results. Due to the commodity nature of electricity, the Village Board will need to select a supplier that evening and authorize the Village Manager to proceed with finalizing an agreement.
Financial Impact
There are no direct cost impacts and/or consultant fees. Consultant fees will be paid via the third party electrical supplier associated with municipal aggregation.
Recommended Action/Motion
I move to approve staff to negotiate a contract with Nordic Energy Services as the energy supplier for the Village’s Opt-Out Electric Aggregation program;
And
To authorize the Village Manager to execute the agreement.