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 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.
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-OutIf 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.
SavingsThe 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
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.