HomeMy WebLinkAboutItem 05 - Power Purchase Agreement GRA Y Y
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CITY COUNCIL MEETING
AUGUST 4, 2020
ITEM #5
TCAP POWER PURCHASE �
AGREEMENT
PRESENTED BY:
BRYAN BECK
PUBLIC WORKS DIRECTOR
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Overview of Program
• Grapevine has been a TCAP member since 2008
• Current Contract expires in December of 2022
• Under current agreement, energy is acquired in one
transaction with a 5-yr term
• TCAP management believes purchasing power month to
month (a year in advance) over the coming years will
yield savings to its members
— This strategy requires contracts in place by December
— e.g. - In January 2021 buying for January 2023
• Contract providers for two "off ramps" a year
— City can convert back to long term fixed price
agreement if desired
• Staff has briefed Utility Committee on this action.
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