ELECTRIC AGGREGATION UPDATE
The Township’s electric aggregation program with Dynegy expired on the December Duke bill. Energy Alliances negotiated with multiple suppliers and was able to lock in a rate of 6.43¢ per kWh with Energy Harbor starting with the June 2023 bill and continuing through the May 2025 bill (24 bill periods).
The 6.43¢ per kWh may sound high. However, based on how Duke uses an auction process to set their generation supply rates (learn more here), Energy Alliances anticipates that Duke’s default generation rate will around 9.5¢ per kWh starting with the June 2023 bill.
A rate of 6.43¢ per kWh for the aggregation would save participants around 30% compared to taking Duke’s default supply rate.
The aggregation will have no termination fees with participants able to leave at any time without paying a fee.
Those eligible for the aggregation program should see opt-out letters mailed in the second half of March.
Enrollment information may be found on Energy Alliances’ website: Sycamore Township (Hamilton Co) — Energy AlliancesElectric Aggregation Performance through Q4 2022
GAS AGGREGATION UPDATE
The Township’s gas aggregation program is with AEP Energy with a fixed price of $0.839 per ccf through October 2024.Gas Aggregation Performance through Q4 2022