Electric Aggregation Info
10/1/24
If you wish to continue with the township contract pricing, you do not need to do anything - it will auto-renew; if you wish to opt-out of the fixed rates for the township electric aggregation program, there is an opt-out form to submit.
Dynegy Energy was awarded the low bid supplier for township electric for the Ohio Edison portion of the Township starting July 2023-June 2025 at $0.0692 per kilowatt hour, fixed for 2 years. You do not need to sign up; your supply service will auto-renew. (Current opt-out, estimated Ohio Edison rate effective June 1, 2024 is $0.0929/kWh).
The AEP portion of the Township was awarded to Dynegy Energy for a three year supplier contract at a rate of $0.04956 effective May 2021-May 2024. It will renew again with Dynegy for a one year term May 2024-May 2025 @$0.06299. (Current opt-out, estimated AEP rate effective June 1, 2024 is $0.0768/kWh).
To reach Dynegy for sign-up, opt-out, or questions, please contact 888-682-2170.
---
To Concord Township Residents: You will receive a letter whenever there is a change to the township aggregation program electric rate. Some of you express concern that this is an increase of what you are currently paying for electric. Please see the email below the township received from First Energy (parent company of Ohio Edison).
As Trustees, we just wanted to make sure you have all of the information you need as you decide to participate in the aggregation program or opt out.
Bart Johnson, Trustee
From FirstEnergy (2023):
AKRON, Ohio – FirstEnergy Corp. (NYSE: FE) is encouraging customers of its Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer. Due to the results of recent competitive auctions, FirstEnergy customers who rely on their electric company for all aspects of service are expected to see an increase in the price they pay for electric generation beginning June 1...
Customer bills are divided into two parts: a charge from a FirstEnergy Ohio electric company for delivering electricity to a home or business, and a separate charge for the actual electricity used by a customer. For the second component, customers can shop and choose a competitive energy supplier that may be able to offer a lower price for generation. The electric company is required to purchase electricity through a competitive auction process for “non-shopping” customers who do not choose an energy supplier, and the rate is reflected in the “price to compare” listed on their monthly bills. FirstEnergy electric companies do not control the price of generation, which is provided to customers at cost.
The prices, which update annually on June 1, are seasonal, with summer pricing in effect for the months of June through August, and winter pricing in effect for all other months...
To explore alternative electricity supplier options, customers can visit the PUCO’s Apples to Apples tool online at www.energychoice.ohio.gov.
As customers evaluate their “price to compare” (PTC) against alternative supplier offers, they should consider the price, plan structure (fixed or variable rate), contract terms and conditions, and any taxes, charges or fees that may apply. They can also explore ways to conserve energy by visiting www.firstenergycorp.com/save_energy.
