Author: Rehaan John

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The Truth: IMEA Has Been More Expensive Than Market Power

MythReality
Naperville’s current electricity provider is less expensive than what other communities are paying.In all but one year in the past 10, the price Naperville paid IMEA, Naperville’s current electricity provider, was higher than the wholesale price our grid provider, PJM, charged. Naperville could have saved $300 million over the past 10 years if it hadn’t been locked into the IMEA contract.

The IMEA costs are available in the IMEA presentation to the Naperville Public Utility Advisory Board https://naperville.legistar.com/LegislationDetail.aspx?ID=7148664&GUID=5D7E505D-6C2B-4B9D-8BA5-EB892D848089&Options=&Search= on slide 4.

The PJM costs are available from the NEST presentation to the Naperville Public Utility Advisory Board at https://naperville.legistar.com/LegislationDetail.aspx?ID=7290411&GUID=2A7E2951-A1F9-4CDF-81E0-4B64974B4D18&Options=&Search= in the presentation on slide 32 of their presentation. You can compare live PJM prices to the prices IMEA provided via this link: https://www.gridstatus.io/live/pjm

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Come to the Naperville City Council meeting on July 15 at 7:00PM and wear red!

Fossil fuel interests are following their well practiced playbook of spreading half-truths and cherry-picking data to garner support for extending the IMEA contract all the way until 2055. Our Council members are hearing from these pro-fossil fuel voices and we anticipate that they will be showing up to the City Council meeting this coming Tuesday, July 15. We need to make sure that Council knows that those of us who support a responsible transition to clean energy and who oppose the irresponsible commitment to a coal-heavy contract that extends 30 years in the future are the strong majority of Naperville residents.

If you want to make a public comment, the deadline is 6:30PM Tuesday.  You can sign up here:

https://www.naperville.il.us/government/board-and-commissions/city-council-meetings-and-workshops/city-council-speaker-sign-up/speaker

RSVP here:

https://docs.google.com/forms/d/e/1FAIpQLSe-C3WYgMVwW5KdUHJpge2mc2h4J8tdacH4TquG3jiGUnv_tA/viewform

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Naperville Could Have Saved $300M with Wholesale Power Over IMEA

MythReality
If Naperville bought electricity from the market over the last 10 years it would have been significantly more expensive than our current provider, IMEA.Wholesale market prices have been lower than IMEA every year except one over the last 10 years. Naperville would have saved over $300 million during the last ten years if it had purchased wholesale power from PJM.

IMEA’s prices are higher than expected when the contract was signed because the project to build their Prairie State coal plant was billions of dollars over budget.

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The Clean Energy Shift Is Already Happening

MythReality
Transitioning off fossil fuels for electricity is something no one is doing yet.In March, fossil fuels accounted for less than half of the electricity generated in America. Solar, Battery, and Wind energy are the fastest-growing sources of electricity.

Renewables are powering millions of homes in the U.S. and the transition to clean power is well understood and well underway.

https://www.eia.gov/todayinenergy/detail.php?id=64586

https://ember-energy.org/latest-updates/fossil-fuels-fall-below-50-of-us-electricity-for-the-first-month-on