Georgetown City Council approved an agreement with Shell Energy North America to provide energy management services at the Dec. 10 meeting.
A request for proposals was issued in February, and twelve proposals were submitted to provide these services for the city, a release said.
In August, council voted to proceed with contract negotiations with two finalists. Shell was selected based on their overall capabilities, cost, and the specific energy portfolio needs of the city, according to the release.
It said Shell’s services include developing and making recommendations regarding how Georgetown’s energy is traded in the Texas energy market. They will also assist in forecasting energy needs, energy costs, and addressing challenges related to transmitting energy around the state, all of which affect the city’s costs associated with purchasing power.
In May, Schneider Engineering completed its assessment of the city’s practices related to purchasing and managing energy, the release said. The first recommendation was to secure new third-party energy management partners that more rapidly respond and react to changing market conditions and better ensure against market volatility.
