ELECTRIC AGGREGATION NOT RENEWING

The current Sycamore Township electric aggregation program expires in December 2022. The goal for Energy Alliances, the Township’s energy consultant, was to find an alternative supplier able to beat Duke Energy Ohio’s default generation rate of 6.38¢ per kWh before the program’s expiration. After thorough analysis, Energy Alliances did not find a supplier that could compete with Duke Energy Ohio’s rate and suggested to the Township that they not renew the electric aggregation program. Energy Alliances recommended that all the accounts on the program to go back to Duke Energy Ohio’s default generation rate in December 2022.

Energy Alliances will continue to watch the market and plans to bring options to the Township if they see a favorable alternative. The earliest the program would return is likely Spring of 2023.