Board weighs alternatives for energy procurement after rates spike; staff to compile quotes and analysis

Town staff and board members debated energy procurement options and contract structures amid concern about recent high energy bills.

Staff described alternatives including joining a purchasing consortium, signing a fixed‑price contract for a term, or working with a repurchasing broker that would buy energy and resell it to the town. One board member said brokers may charge fees but could limit exposure to volatile spot markets; others noted fixed contracts make budgeting easier but can carry premiums.

Board members asked staff to verify quotes, confirm whether broker fees are included in the rates provided, and analyze projected costs compared with the town’s historical consumption. Corinne (staff referenced by name in discussion) was asked to collect vendor materials and answer questions by Wednesday so the board can determine whether to give Erie County the required 60‑day notice if they choose to terminate the current variable arrangement.

Next steps: staff to gather final quotes, confirm fee structures and present a side‑by‑side comparison of fixed vs. brokered vs. consortium options at the next meeting so the board can decide whether to proceed with notices or a formal procurement process.