On June 13, 2019 the City issued and RFP 201933 for electric risk and resource management services. In the spring of 2019 the City conducted a management assessment to evaluate the electric resource management function of the Georgetown Utility System. The management assessment included recommendations to improve purchased power cost forecasting, develop a risk management policy, and improve reporting procedures. RFP 201933 is responsive to the management assessment recommendations.
The City is seeking consultant services to:
- Develop a comprehensive risk management policy
- Development energy trading/hedging guidelines and protocols
- Provide power cost budgeting and forecasting
- Evaluate and analyze actions of the 3rd party portfolio manager
- Provide regular reporting to the governing body and city staff
The City received four responses to RFP 201933 from 1) Demand Control 2, 2) Experience on Demand, 3) Schneider Engineering, and 4) GEMS. The responses were evaluated by city staff from the City Manager’s Office, Georgetown Utility System, and Finance. City staff recommends contracting with Schneider Engineering with the bid tabulation attached. The contracted services is estimated to cost $180,000 for fiscal year 2020.
Schneider Engineering was established in 1991 and has 88 employees in Boerne, Texas and College Station, Texas. They have significant experience with all tasks requested in the RFP and have 23 public power clients in Texas between municipally owned utilities and electric cooperatives.