Feb. 16 — This year, the city needs to avoid a similar situation to the $6.84 million shortfall in the amount of money that was expected to be left in the electric fund budget for Georgetown Utility Systems at the end of the city’s last fiscal year on Sept. 30.
Officials attributed the shortfall to price and demand volatility in Texas’ wholesale energy market and on the structure of the city’s renewable energy contracts.
Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.