District to save $100,000 in electricity costs
Dublin City Schools will save about $100,000 in electricity costs thanks to a new competitive bid process.
“Energy efficiency is part of the District’s efforts to look for cost savings at every opportunity,” said Facilities Coordinator Chelena McConnell. “Any money we can save on the operational side of our organization represents dollars that can be re-directed back into the classroom.”
Dublin City Schools is committed to bringing private sector practices to our District to reduce costs and increase efficiencies. Thanks to our partnership with Dublin energy broker Aspen Energy, a new competitive bid process resulted with awarding Calpine Corporation, America’s largest generator of electricity from natural gas and geothermal resources. The results of this bid will bring a significant savings of taxpayer dollars.
The chosen products structure strikes a balance between purchasing fixed price volumes to alleviate price volatility while leveraging the low index prices during periods of very low volatility. This type of proven strategic purchasing program has resulted in historically higher savings for the school districts vs buying 100% of their power at a fixed price.
“We wanted to create a competitive environment to drive best price coupled with a strategic approach to reducing the District’s energy costs,” McConnell said.