CITY SAVES $4.5 MILLION IN RETAIL ELECTRIC PURCHASES SINCE 2007, ENTERS INTO NEW COST SAVING AGREEMENTS
(1/4/2012) NEW HAVEN-- The City of New Haven has signed a two-year agreement with retail electric supplier Noble Americas to purchase electric power through the end of 2014, saving an estimated $700,000 over the life of the agreement when compared to purchasing directly from United Illuminating, Mayor John DeStefano Jr. announced.
Additionally, the City has purchased a two-year supply of natural gas from Santa Buckley Inc., saving approximately $1.3 million over the life of the agreement when compared to the current cost for natural gas.
Since 2007, the Citywide Energy Committee has overseen retail electric power and natural gas purchases for the City. Since the first electric power purchase in 2011, the City has saved approximately $4.5 million in electric costs, compared to purchasing directly from United Illuminating.
These purchases, coupled with increasing emphasis on energy conservation and use of renewable technologies such as fuel cells and solar panels, have made substantial progress toward controlling and managing energy costs.
“These smart purchases have produced millions of dollars in energy savings that can now be put to better use providing opportunities for youth, safer neighborhoods, and good jobs,” said Mayor John DeStefano Jr.
In 2007, the Board of Aldermen authorized the creation of a Citywide Energy Committee to pursue retail electric power and natural gas purchases over a five-year period. The Committee will seek Aldermanic approval to continue its efforts to identify additional savings in the future. The Committee consists of the City’s Chief Administrative Officer, Engineer, Controller, Purchasing Agent, Budget Director, and two members of the Board of Aldermen.
“Five years ago, the Board of Aldermen facilitated the creation of a Citywide Energy Committee, and I am pleased to see such positive results. I support the continuation of the committee, and, as President of the Board of Aldermen, I will seek similar savings wherever possible to assure we are spending money on the things that matter most to residents,” said Alderman Jorge Perez, President of the Board of Alderman.
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