Sunbury’s energy broker Scott Belcastro, Trebel, LLC, visited Sunbury Village Council last week with a report of savings Village residents and small businesses have received since March of last year as the result of the electricity aggregation contract he brokered between the Village and Border Energy.
Sunbury placed electricity and natural gas government aggregation issues on the Nov. 8, 2011, ballot. Voters authorized the village to negotiate residential and small business electric and natural gas aggregation.
Belcastro, who also brokered an electric aggregation program for village facilities, subsequently brokered a one-year, opt-out residential and small business electric aggregation program that saves village residents 15 percent off of electricity generation and transmission costs; small businesses save 10 percent.
Belcastro explained that Sunbury residents who stayed in the program saved a total of $74,606; with small business owners savings added in, Belcastro said the Border Energy contract put $88,600 back into the community.
That program’s one-year contract with Border Energy went into effect in March of 2012. Following the contract’s initial 21-day opt-out period the residential electricity early termination fee was $50, and once every 12 months residents in the program could opt-out for free; the small business/commercial opt-out fee was $150.
With March on the horizon, Belcastro said Border Energy would be willing to hold savings at 15 percent and eliminate the contract’s early termination fee if the village wants to extend the contract for an additional year.
“I believe 15 percent is a good number,” Belcastro said. “If the village renews for one more year with Border Energy, then we could look again next year at what’s out there. I’ve seen 10 percent, 13 percent, so 15 percent is a pretty good number.”
Sunbury Mayor Tommy Hatfield said Council’s energy aggregation goal is to eliminate the confusing energy aggregation decision-making process for village residents.
“I don’t know how much energy we need to spend to save a percent or two,” Hatfield said.
Council members voted unanimously to extend the Border Energy electricity aggregation contract for one year, without the previous contract’s early termination fee.
Belcastro said Village residents would still receive letters advising them of their right to opt-out of the program. He also said residents and small business owners enrolled in the program’s current contract could call or email either Belcastro of Border Energy to receive an individual savings report.