UNDERSTANDING THE INTEGRYS NATURAL GAS PROGRAM
Residents who participate in the Village of Indian Hill natural gas aggregation program recently received a letter from Integrys welcoming them to the program re-newal for 2013. Residents do not need to do anything in order to be included in the program, but the letter de-scribed two different options residents may choose with regard to program pricing.
The two options are the Locked-in Price with Flex Down Opportunity or the Monthly Variable Rate. Prior year programs have been based solely on the Locked-in with Flex Down Opportunity option. Residents are automatically enrolled in the first option, but they can go online or contact Integrys to choose the second option. The following information is intended to clarify the differences between the two options:
The Locked-in Price with flex Down Opportunity option provides for price protection especially during the higher usage winter months. If you are concerned about how high the gas market might go, and prefer to enjoy stable rates, your best choice is this option because your rate will not go up during 2013, but they could go down if the market price goes lower. Village officials feel that this option remains the safest consumer choice for residents.
The Monthly Variable Rate option could be attractive to residents who are not concerned about how high the gas market could go and want to enjoy the lowest market prices every month. This type of program has historically yielded higher savings, but with gas markets at their lowest level in many years, such an option could be more risky. Monthly program rates are available online at www.integrysen ergy.com/indianhill.
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 theywant 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.