Electrical Aggregation

ELECTRIC AGGREGATION NOT RENEWING

The current Community electric aggregation program expires in January 2023. The goal for Energy Alliances, Springfield Township’s energy consultant, was to find an alternative supplier able to beat Duke Energy Ohio’s (Duke) default generation supply rate of 6.78¢ per kWh* before the program’s expiration. After thorough analysis, Energy Alliances did not find a supplier that could compete with Duke’s rate and suggested to the Township that they not renew the electric aggregation program at this time. To look out for the best interest of the Township and its residents, Energy Alliances recommended that all the accounts on the program to go back to Duke’s default generation supply rate until such time as a competitive rate can be obtained from an approved supplier(s).

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


INFORMATION THROUGH JANUARY 2023:
Since 2009, Springfield Township has worked with retail electric suppliers on favorable electric supply prices for eligible residences and businesses. Township Trustees selected Dynegy as the programs electric supplier from January 2020-January 2023. Both Springfield Township and Dynegy are certified by the Public Utilities Commission to provide this service. As an eligible resident or small business, you will automatically be enrolled in the program unless you choose to opt-out.

Fixed Rate

Through the program, residents and small businesses in the program will receive a fixed low rate of $0.0493 per kWh through your January 2023 meter reading.

Program details:
  • Fixed Electricity Price of $0.0493 per kWh through your January 2023 meter reading
  • One energy bill from Duke Energy, your local utility.
  • No cancellation fee at any time!
  • Duke Energy continues to deliver your electricity and maintain the electric lines and respond to emergencies.

Program Enrollment

After your finalized enrollment, Duke Energy will send a letter confirming your enrollment and informing you of your ability to cancel your enrollment with no penalty.

How to Opt-Out

If you do not wish to participate, you must opt-out no later than December 13, 2019. You can do this by completing and returning the reply card or calling Dynegy toll-free at 888-682-2170.
If you choose to opt out (not participate), you may do so at no charge during this initial enrollment period and you will not be served by Dynegy. If you become part of the aggregation, you may cancel the agreement at any time at no charge by providing notice to Dynegy. If you choose to opt out of the program at this time, or if you choose to leave the program at a later date, you will be served by your utility under its standard service offer or until you choose an alternative supplier of electric service. If you switch back to your utility, you may not be served under the same rates, terms, and conditions that apply to other customers served by your utility.
 For questions, contact Dynegy at DynegyCustomerService@dynegy.com or call 888-682-2170. Please see the enclosed Terms and Conditions for full program details.

Savings

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.

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.

More Information

For answers to questions not found here, please call 888-682-2170, 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.