CINCINNATI — “If approved by voters, this measure would allow the city to form a ‘community buying group’ on behalf of Cincinnati residents to obtain a bulk discount on the purchase of electricity.
By harnessing the collective buying power of many people, the city will be able to better negotiate for lower power rates from competing firms vying for its contract. If any resident didn’t like the deal, he or she would be able to opt out and select another provider.
Aggregation already has been used with great success in nearby suburbs. Cheviot’s supply contract saved its residents 65 percent over Duke Energy’s best Ohio rate, while residents of Indian Hill save an average of $74 each month on electricity with a guaranteed rate.
So far, nine other Hamilton County communities have opted for electric aggregation. It makes good financial sense for Cincinnati to follow suit.
— Cincinnati CityBeat