Board Of Aldermen - Agenda - 9/9/2020 - P30

What is
Community
Power?

A Brief Background

-Community Power will allow the City to purchase
electricity supply from third party suppliers and the
wholesale market on behalf of it's residents. The utility
will still maintain control of the delivery portion of the
energy bill.

-Through the aggregation the City will be able to
charge less per KWH than the Utility while also
collecting a 1/10 of a cent brokerage fee from the
third party supplier.

-The City Plans to use this fee to reinvest in energy
programs for the Community to help reach our 100%
renewable energy by 2050 goal.

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