January 12, 2011 - By Kay Stephens, kstephens@altoonamirror.com
HOLLIDAYSBURG - Representatives for two energy-related companies said Tuesday that Blair County will be able to save money with the deregulation of the electric industry.Edward Hale, from Glacial Energy's Bucks County office in Newton, said that if the county signs a month-to-month agreement with his company, it would have flexibility and savings. Based on current rates, Hale said the county could cut $144,000 off its 2011 electric bill, estimated at $477,000.
Mike Polosky of Efficient Energy Solutions, Pittsburgh, said his company offers the county a chance for long-term savings by locking in an electric rate for one or two years. That would reap a first-quarter savings of $15,800, based on current rates, he said, and it be more beneficial in the long run because electric rates are down and demand is low.
"Nobody knows what Penelec rates will be for the coming year," Polosky said. "If we have a very hot summer ... [not having locked-in rates] could put a big hole in your budget." Hale countered that he doesn't think electric rates have hit bottom and advised commissioners to consider the month-to-month plan now, then later decide if they want to lock in rates. "We're talking about saving more money now," Hale said.
Commissioners listened to the pair of proposals at their weekly meeting and said they will study the matter and take action within a month.
Commissioners Chairman Terry Tomassetti likened the decision to choosing between a fixed-rate and variable-rate mortgage, but with more money involved. "It's obviously a major expense for the county," Tomassetti said. Blair County Finance Director Robert Kuntz said energy brokers and suppliers have been "bombarding" the county because of deregulation. He said he arranged for Hale and Polosky to attend Tuesday's meeting because the county has familiarity with those companies. "I'll be taking a look at this, too," Kuntz said.
Mirror Staff Writer Kay Stephens is at 946-7456.
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