Frequently Asked Questions:
What are the changes to the aggregation program?
The Village’s aggregate electric supply program with Dominion Electric ended December 31, 2011, and all residents who participated in the program will be placed under the Duke Energy regulated rate program for the first 2-3 months of 2012.
What do I need to do?
Residents who desire to stay with the Village’s alternative aggregation program do not need to seek independent alternative suppliers. Village officials believe that a Village sponsored aggregation program will yield the best rates for all residents, but if you would like to pursue an individual alternative supply rate, click here for a link to Duke Energy’s list of alternative suppliers.
What is the next step in the Village’s Aggregation Program?
The Village is participating with a consortium with other communities and issuing a request for proposals from suppliers for the aggregate supply of electric power. Proposals will be received in late January, and the consortium will select a supplier to serve the participating communities through May of 2014. The Village website and Bulletin will be updated with information on the aggregation program as it becomes available.
More Information:
ELECTRIC AGGREGATION UPDATE - February 16, 2012
The Village recently accepted a proposal from DPLER (Dayton Power & Light Energy Resources) to provide electric generation power services to residents who will be participating in a new opt-out supply program slated to run through May of 2014. Village officials are pleased to announce that the supply rate will be $0.0455/kWh for the duration of the contract. This is substantially lower than the 2011 rate of $0.0585/kWh provided under the Dominion Retail aggregation program which expired at the end of the year.
Village officials are working with DPLER to get the program up and running as quickly as possible, and we hope to have the rates effective before the April 2012 billing period. Residents will receive “Opt –Out” notices from DPLER, and follow-up notices from Duke Energy advising that they will be switched over to DPLER. Residents who want to participate in the program need not respond to any of these notices as they will automatically be included unless they respond that they want to opt out. If any resident prefers to opt to stay with Duke Energy or select another alternative supplier, they should respond that they want to opt out. Village officials believe that the DPLER program will represent the most competitive option for residents.
The Village will endeavor to keep residents informed on the implementation of the DPLER electric aggregation program through the Village website and the Bulletin.
ELECTRIC AGGREGATION UPDATE - January 6, 2012
The Village’s aggregate electric supply program with Dominion Electric ended December 31, 2011, and all residents who participated in the program will be placed under the Duke Energy regulated rate program for the first 2-3 months of 2012 while the Village is considering proposals from alternate suppliers for the following 2 years. Residents are currently receiving letters from Duke Energy advising of the switch and indicating that other alternate suppliers are available. Residents who desire to stay with the Village’s alternative aggregation program do not need to seek independent alternative suppliers as indicated in the letter.
The Village is participating with a consortium with other communities and issuing a request for proposals from suppliers for the aggregate supply of electric power. Proposals will be received in late January, and the consortium will select a supplier to serve the participating communities through May of 2014.
The switch to the Duke Energy regulated rate structure will result in a rate increase for the time that residents will be on the regulated rate structure because the generation rate will increase from $.0585 per KWH to the regulated rate of $.06027 per KWH, and the regulated distribution rates are also going up under the Public Utility Commission of Ohio (PUCO) approved rate structure. We anticipate that most customers will see an overall electric supply rate increase of 9% for the next 2-3 months while we shop for a more economical alternative generation supply rate.
The alternative electric supply markets were unsettled over the last 60 days while Duke went through the PUCO rate approval process. The markets have now settled down, and we expect to receive very competitive proposals for a new aggregation program which should be in place on or before April 1, 2012. We have seen indicative rates from alternative generation suppliers at or below $.055 per KWH, so we fully expect to see savings compared to the Duke Energy regulated rate once the proposals are reviewed, and a new aggregate supplier is selected for the next 2 years.
The Village will endeavor to keep residents informed on the electric aggregation program through the Village website and the Bulletin as we complete the selection of a new aggregate supplier.
NATURAL GAS AGGREGATION UPDATE
The Village recently renewed an alternative aggregate natural gas supply program with Intergrys Energy for the supply of natural gas to residential customers during 2012. The new program provides for a flex-down rate of $0.5165/CCF compared to the $0.547/CCF rate in 2011. Residents who have not opted out of Village’s the aggregate supply program will automatically be enrolled in the new program and billing will continue to be included on the regular monthly Duke Energy bills.
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