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Tuesday, March 2, 2010
Electric aggregation a go
Although the response from the audience and one member of the West Chester Twp. Board of Trustees was a collective “Hell no,” a majority of trustees agreed last week to move forward with an electric aggregation plan.
It was an interesting meeting, Feb. 23, heated at times as electric- and rate-speak led to terse words.
Here’s an excerpt:
For the first time since Nov. 2005, when voters approved trustees’ ability to enter into an agreement with a company other than Duke Energy to provide utility services, local residents will have the opportunity to save money on electric bills, trustees said Tuesday. The agreement approved Tuesday locks in rates that are more than 35 percent below the most recent comparable rate structures offered by Duke Energy, according to a presentation by Mark Burns, president of the township’s aggregation program broker, Independent Energy Consultants. The agreement runs from May to Dec. 31, 2012, with Akron, Ohio-based FirstEnergy Solutions. Gas aggregation has been used by the township since 2006. Most recently, the program saved West Chester residents and small businesses more than $1.5 million, Burns said. When nearly 60 percent of voters approved Nov. 8, 2005, the township’s participation in electric and gas aggregation programs, they agreed to automatically be enrolled in the program with a majority nod by trustees. Residents may still opt out of the program from the start, or opt out if Duke’s rates fall below offerings locked in by FirstEnergy. Whether there would be a penalty for opting out of the program in its first six months of existence still remains to be seen, however, as deals were still being worked out during Tuesday’s meeting.
You can still opt out of the program, and more info regarding that can be found on the township’s Web site.
Will you participate?
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