City Of Dallas Selects Retail Electric Provider For New 10-Year Contract
Deal Said To Represent Largest Green Energy Transaction Since The Inception Of Texas Electricity Deregulation
May 22, 2019 Email This Story Copyright 2010-19 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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The City of Dallas recently completed a reverse auction managed by Tradition Energy to select a retail electric provider for a new contract term, to power all City facilities with green energy for 10 years
TXU Energy was selected as the winning retail provider via a competitive process
Tradition Energy called the deal, "the largest green energy transaction since the inception of Texas electricity deregulation."
The new 100% renewable 10-year contract will deliver more than 750 million kilowatt-hours of electricity per year to the City
The projected contract is valued at $472.6 million including both the energy costs and regulated Oncor transmission and distribution costs.
The renewable energy purchase, "also represents the first time a local government of Dallas’ size has committed to a long-term strategy of sourcing 100% of its load from off-site wind and solar farms, including new sites not yet developed, in an attempt to eliminate any electricity purchased from the grid," Tradition said
Initially, the contract supports and draws power from the Foard City Wind Farm in West Texas.
"Through Tradition’s negotiation, the winning energy supplier has agreed to work with the City on sourcing the City’s volume from new renewable assets that may be developed in North Texas, at no additional charge," Tradition said
The contract also provides $1.5 million for energy-related projects and $300,000 for community programming.
The procurement process included 12 energy providers.