Denton's Public Utilities Board received presentations from Denton Municipal Electric consultants Monday, saying the city can purchase more renewable energy at a competitive price and DME’s trading group is saving money for ratepayers, according to the Denton Record Chronicle.
Analysts with Austin-based consulting company Enterprise Risk Consulting said DME is in "a good position to buy more wind and solar energy that would complement what the city has now.
"In addition, the city can buy a special kind of market hedge that will insure DME doesn’t pay too much for electricity when it needs to buy more from the Texas grid."
By Mike Shiloh
Copyright September 12, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved