CENTREVILLE — The Eastern Shore of Maryland Educational Consortium Energy Trust achieved cost avoidance of an additional $3 million compared to the Delmarva Power standard offer service rates for the fiscal year 2019, for a total of more than $21.6 million in net cost avoidance over the last 19 years. This has been accomplished through implementation of an innovative electric procurement program for Energy Trust participants.
The ESMEC Energy Trust electric procurement program was designed to achieve lower electric supply costs and more flexible electric price risk management. A central goal of the program is to reduce price volatility while meeting public procurement requirements in a cost effective manner. This is achieved through a combination of a cost-plus structure and managed bid wholesale purchases, using sound commodity purchasing strategies of time diversity (time buys) and market responsive purchases (value buys). This electricity procurement is guided by established procurement policies and implemented by Enel X Inc., Baltimore.