Springfield Township officials are pleased to announce that they have chosen to retain FirstEnergy Solutions as the supplier for the Township’s Electric Aggregation Program. FirstEnergy Solutions recently won a competitive bid process and will continue as the supplier to the program. Residents and small businesses in the program will receive a low rate of 5.28 cents/kWh from January 2014 through January 2017.
The program has collectively saved Springfield residents and small businesses over $9.3 million since its inception in June 2009. That translates to $965 per participating residential account. (You can look at your current statement to for the current monthly Price to Compare. You may also use Duke's Price-To-Comapre Calculator online. link)
Price to Compare
The Price to Compare (PTC) is shown on Duke’s bill and is an indicator of the rate for electric generation supply that the average customer is paying Duke Energy. The average customer would avoid paying Duke that amount if they switch electric generation suppliers, and thus if the competitive supplier’s price is less, the customer saves the difference. However, customers who use more than 1,000 kWh per month in the winter months (October through May) will tend to have a lower than average PTC, while customers using more than 1000 kWh per month in the summer months (June through September) will tend to have a higher than average PTC.
In addition to this seasonal consideration, other components of Duke’s PTC change quarterly. Thus Duke’s PTC is unknown beyond the current quarter, while Dominion Retail’s price is fixed. The amount you will save over the term of the contract is unknown because Duke’s price is unknown, but we believe that with the program price of 5.28 cents/k you stand a very good chance of saving over the life of the program, in addition to the peace of mind of knowing that your rate will not go up.
For answers to questions not found here, please call 1-866-636-3749, Monday through Friday, 8 a.m. to 5 p.m. Springfield Township is pleased to have made this program possible, but asks that specific questions about the program be addressed with the supplier.