DENVER & GALLUP, NM, Nov. 16, 2022 (GLOBE NEWSWIRE) — Guzman Energy announced today that it has been selected to serve as the exclusive wholesale power partner for the city of Gallup, a community in northwest New Mexico serving 20,000 citizens and companies. A key feature of the new partnership will be fixed wholesale electricity pricing, which will provide the city with predictable electricity costs for budgeting and planning.
“Our city was looking for a utility partner with experience in taking a proactive approach to managing electricity prices as well as managing our load demands. We are pleased to have found this proactive partner in Guzman Energy,” said City of Gallup Assistant Electricity Director Charles Nourse.
The Guzman Energy team brings extensive experience in developing bespoke energy solutions for cooperatives, communities and tribes. The Gallup City Energy Contract includes:
- Fixed price structure that reduces volatility in energy prices
- Active load tracking and management of the city’s electricity needs, estimated at 240,000 MWh per year
- Increased sourcing of renewable energy, resulting in the city having a 30% improvement in the proportion of its electricity mix that comes from renewable sources
- Commitment from Guzman Energy to contribute to the city’s Municipal Investment Fund, which supports local community groups
- Contract term of 15 years from July 2025
“The City of Gallup’s leadership team is to be commended for taking proactive steps to stabilize its wholesale electricity costs,” said Robin Lunt, Guzman Energy’s chief commercial officer. “With tight, active management of load requirements and pre-planning with trusted partners, there are solutions for sourcing wholesale power cost-effectively while maintaining reliability. Guzman Energy is proud to be able to serve the city of Gallup in this way.”
About Guzman Energy
Guzman Energy is a wholesale energy provider serving communities looking for affordable and reliable energy. We work with cooperatives, municipalities, corporations and tribes across North America to customize energy portfolios that make economic and environmental sense today and tomorrow. Together we illuminate the way forward. Visit guzmanenergy.com.
Through the City of Gallup Municipal Supply Group
The City of Gallup operates one of the largest community utility groups in the state of New Mexico. Our employees strive to provide reliable and quality services to our community. We provide power, water, sewage and garbage services to approximately 11,000 customers in the greater Gallup area. We use our 800 miles of transmission and distribution lines to meet the power needs of over 20,000 citizens and businesses. Visit gallupnm.gov.
Fitzgerald Petersen Communications for Guzman Energy
Copyright 2022 GlobeNewswire, Inc.