Fulton Electricity Change
Fulton used to buy half its electricity from Springfield. But last June, the city pulled the plug.
"Springfield has grown to the point where they no longer have the excess capacity," Fulton City Administrator Bill Johnson said. "And they'd like to use it for their own citizens, their own customers."
Fulton needs energy from other sources, and is forced to buy power on the spot market.
"We've got a gap until about 2012," Darrell Dunlap, Superintendent of Fulton Utilities said. "There is a coal plant being built in Illinois just to the east of St. Louis that should go online in 2012, and Fulton is a part of that project."
At City Hall, officials are looking for the best power price for the long term. Out at the Fulton Power Plant, technicians are scheduling power to keep prices down.
Every night, when Fulton Plant operators estimate how much electricity consumers will use the next day, they need to be exact. Without a contract, the city loses money everytime it calculates too high. Yet, officials predict rate increases won't hit consumers too hard.
"Right now, we're not seeing that it's going to have a drastic impact," Johnson said. "We've known all along that we would have to have another rate increase next year, but I think with the purchasing that he's been able to accomplish, the rate increase won't be quite as substantial as we were thinking."
City officials say it's cheaper for the city to buy electricity elsewhere than it is to produce it locally.
How much raw electricity will cost next year, according to Fulton Utilities Department:
Cinergy Hub Pricing
In 2008, the following prices are listed for five days a week, 16 hours a day followed by 7 days a week, 24 hours a day.
Jan 66.25, 53.40
Feb 65.21, 52.60
Mar 63.72, 48.90
Apr 63.32, 48.70
May 62.70, 45.70
Jun 66.00, 47.60
July 85.04, 59.80
Aug 83.96, 57.80
Sep 63.85, 46.10
Oct 57.43, 44.20
Nov 58.95, 43.80
Dec 64.01, 50.20
Average 67.00, 50.00