The county held an electricity auction in mid-January to secure a better price for the 2.7 million kWh of electricity the county uses annually. Champion Energy was selected over eight competitors for the county’s 23-month fixed-price contract, effective from February 1, 2010.
Carbon County embarked on an auction scenario as a result of deregulation and electric rate hikes that took effect on January 1, 2010. In a deregulated environment, the county would have been paying PPL Electric approximately 30% more for its electricity during calendar year 2010.
Champion Energy currently serves residential, commercial and industrial customers in deregulated electric energy markets in Texas, Illinois and Pennsylvania, and is slated to enter the Ohio market in 2010. The company serves approximately 350,000 residential customer equivalents, with a peak load near 1,000MW.
