Texas Comptroller Awards Electricity Procurement Contract To Broker

The Texas Comptroller of Public Accounts Statewide Procurement Division has awarded its Electricity Sourcing Services contract to the Waco-based energy consulting firm Texas Energy Aggregation, LLC.

The RFP awarded a four-year contract for electricity purchasing and consulting services for the largest State agencies, and may also be used by any public entity in Texas, including municipalities, school districts and universities seeking electricity consulting services.

According to Texas Energy Aggregation, "For the first time ever, public customers, including State agencies, municipalities, universities and school districts who use the State energy contract have a clear method to compare and procure long-term, wholesale renewable Power Purchase Agreements, or PPAs. These PPAs provide greater value in aggregated purchasing power. Texas' abundant sun and wind resources have made off-site, utility-scale renewable energy highly cost competitive with traditional power sources, and can provide an effective hedge against inflation and price volatility. Texas Energy has partnered with the non-profit Rocky Mountain Institute, whose experienced team and members have been involved in approximately 94% of corporate renewable energy transactions over the last two years."

Texas Energy Aggregation said that on site solar and demand response are also now addressed in the new contract.

"Even public entities in regulated parts of the state can now contract to lock in a portion of their electricity load for up to 25 years using on-and off-site sources of renewable power. By contracting a portion of their energy load on a PPA, entities located in municipally-owned and co-op areas can now increase budget certainty and reduce delivery charges," Texas Energy Aggregation said

Texas Energy won the previous State electricity procurement contract in 2011, with three subsequent extensions