Last full option electricity aggregation reminder

[David Carpenter]

You have to respond to your City of Delaware electricity aggregation letter to not default to the aggregation default rate, but there are four different choices.

1)      The one that helps create a better future for all of us is to call 1-888-682-2170 to enroll to buy renewable energy. Yes, it costs a tiny bit more than the fossil-fuel aggregation option, but as they say, “you get what you pay for.”   AEP distribution customer price:  $0.0953/kWh. 

2)      Call 1-833-241-4599 to opt out of the aggregation and pay $0.099+/kWh* for the standard AEP rate.

3)      Call 1-833-241-4599 by May 13^th to opt out of the aggregation and then contract on your own with a 3^rdparty provider.  Pay whatever rate you can get and for whatever type of power generation options are available.  If you can get a better product or a better price this way, and you are willing to jump through more hoops, this could be your best option.

4)      Do nothing at all and get the default “brown power” (mostly fossil-fuel generation) option from Dynegy with an AEP distribution customer aggregation rate of $0.0928/kWh. 

How much more will you pay for renewable energy?  The aggregation only affects the generation part of the bill, and for my AEP bills, that is typically about 45% of the total.  So choosing the renewable option would cost me about 1.2% more than the brown power option, and still save about 2% from the non-aggregation rate.   For me, that is well worth the cost.  But you can choose among the four options, whatever you prefer.

If you get your power from Ohio Edison (First Energy), standard rate in June will also be $0.099+/kWh*.  The renewable aggregation rate is 0.0925/kWh, and the brown power aggregation rate is 0.0899/kWh. The phone numbers for the respective choices are the same. The opt-out deadline is May 12^th.

·         0.0999/kWh is the estimated bottom of the price range based on the prices the utilities paid at auction.  It could be slightly higher.  See Energy Alliances’ link from the City’s webpage for more information.