THE CIPY OF NASHUA
Financial Services
"The Gate City"
Purchasing Department
August 21, 2017
TO: Mayor Donchess
John Griffin, CKO/Comptroller
FROM: Dan Kooken
Ce: Treasurer Fredette
SUBJECT: Recommendation to Lock Electricity Rate
One of the City’s two electricity contracts is due to expire in November 2018. In anticipation of
the expiration of that contract for 25 accounts (approximately 4,500,000 kWh), the City recently
worked with Standard Power, the energy broker engaged with Essex Power on the Jackson Mills
Dam. Standard Power solicited quotes from 8 power suppliers. EDF Energy Services submitted
the lowest price at .0867 kWh for a 24 month contract.
The expiration of this new contract with EDF Energy Services will coincide with the expiration
of the City’s other electricity contract due to expire in December 2020.
As the current Eversource default rate is .09412 cents per AWh, entering into this contract with
EDF Energy Services at a rate of .0867 kWh is more economical.
229 Main Street e Nashua, New Hampshire 03061 © Phone (603) 589-3330 » Fax (603) 589-3233
