City of Stratford Finance and Labour Relations Sub-committee Agenda November 2025
City Continues LAS Electricity and Natural Gas Agreements
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Description
Stratford continues to procure electricity and natural gas through long-standing agreements with Local Authority Services, using a 50% hedge for electricity and a fixed-price program for natural gas. These utility supply arrangements are renewed annually based on market analysis and support budget stability.
Contract Details
Vendor
LOCAL AUTHORITY SERVICES (LAS)
Agency
City of Stratford, Canada
Contract Type
UTILITIES
Document Date
November 18, 2025
Contract Term
Electricity hedge agreement entered annually in the fall for the coming fiscal year; natural gas fixed-price program agreement entered July 2021 and renewed annually
Renewal Info
Electricity hedge percentage (0–75%) is reviewed and set annually each fall, with the current 50% hedge already entered for the next fiscal year; the natural gas fixed-price agreement that began in July 2021 has been renewing annually following analytic review of consumption and cost data.
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