Cincinnati Electric and Gas Aggregation / Energy

Finance committee to hold hearings for gas and electric savings plans

CINCINNATI — “Last Election Day, Cincinnati voters overwhelmingly approved Issues 44 and 45, authorizing the city to negotiate group buying rates for electricity and natural gas. Qualls sponsored the ordinances to put the measures on the ballot.

More than 300 communities across Ohio have saved hundreds of millions of dollars on their electric bills since Ohio made this innovative tool — known as aggregation — available to communities in 2000. Aggregation has proven to be an effective way for residential and small business utility customers to save money.  According to a report last fall by Ohio Citizen Action, electric rates negotiated by other buying groups in the area ranged from 2 to 3 ½ cents per kilowatt-hour less than Duke’s generation rate, or “price to compare.”

Vice Mayor Qualls has invited administrators from nearby communities to describe their programs and the savings they’ve achieved. Green Township Administrator Kevin Celarek will speak at the January 30 hearing; Springfield Township Administrator Michael Hinnenkamp will talk about the savings their communities have seen.

Once City Council and the Public Utilities Commission of Ohio have approved a plan, the city administration will put the contracts out to bid, analyze the responses and recommend providers to the City Manager. The city will then notify residents of the terms of the contracts and how the program will work, including how residents can opt out if they wish. The city expects that the process should be completed ― and residents can start saving money on their monthly bills ― as soon as June 1.”

— Richard Todd, FOX19 News

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