Electricity Aggregation Agreement Provides Residents Price Protection
The City of Reynoldsburg has selected "Constellation", a subsidiary of Exelon Corporation and a longtime competitive energy supplier, to supply electricity to eligible residents and small businesses through the Ohio governmental aggregation program.
“The electric aggregation program offers residents an easy option to manage their energy costs,” said Bill Sampson, Director of Public Service. “Eligible households and small businesses will receive a letter from Constellation in late March describing program details. Any eligible household or business that wants to take advantage of the program, including all current program participants, will be automatically enrolled. Any household or small business that does not want to participate in the program must “opt-out,” as will be explained in the letter.”
Under the electric aggregation program, the energy component of the utility bill will be provided by Constellation at the program rate of 5.77¢/kilowatt hour (kWh). Program participants will still receive their bills from the utility, American Electric Power/Ohio Power (AEP/Ohio), and should contact the utility if there are any service problems or emergencies.
Residents and businesses that are enrolled in the program will see that rate reflected on their electric bill beginning in June. It is important for participants to realize that, due to program timing, all program participants will see a transition of suppliers on their utility bill. The current aggregation program rate of 6.77¢/ kWh will appear on the March utility bill. Program participants will pay the AEP/Ohio power standard service offering energy rate of approximately 6.0¢/kWh on the April and May utility bills (while Constellation kicks off the new program), and the new Constellation aggregation program rate will appear on the June bill and will be effective for 24 months.
“The electric supply agreement will provide price protection and 24-hour customer service to residents and small businesses.” said Kevin Klages, Senior Vice President for Constellation. “As a long time competitive energy supplier in Ohio, we look forward to supplying power to Reynoldsburg’s residential and small business customers.”
The mailings scheduled to start in mid-March will have additional information and a toll-free telephone number to call if there are any questions about eligibility, enrollment, “opting out” or the aggregation program in general.