Cincinnati Electric and Gas Aggregation / Duke Energy

7 areas pool electric demand

HAMILTON CO — “Residents of seven Hamilton County municipalities will have the opportunity to save about 24 percent on the generation portion of their electric bills starting in May, under an aggregation agreement with Dayton-based DP&L Energy.

The municipalities are the cities of Cheviot and Springdale; the villages of Amberley, Glendale, Lockland and Indian Hill; and Columbia Township. They agreed for the first time to pool their residential electric demand under aggregation provisions of Ohio’s electric deregulation law.

‘By working together I believe we ended with a better result than if we worked as individual communities,’ said Michael Burns, city manager in Indian Hill, which established the first area aggregation plan in 2001.

Under the agreement, the 15,000 residential customers in the seven communities will pay a generation rate of 4.5 cents per kilowatt-hour through May 2014, compared with Duke Energy’s current price-to-compare of 5.9 cents per kilowatt-hour.”

— Mike Boyer, Cincinnati Enquirer

Read the whole story: http://news.cincinnati.com/article/20120321/BIZ/303210092/7-areas-pool-electric-demand?odyssey=tab|topnews|text|Business

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