Electric Aggregation Program for September 2021 – August 2023
The Village’s current electric aggregation program with Constellation will conclude in August 2021. The Village’s broker, AGE, held a competitive bid process where Dynegy Energy Services presented the most competitive rate that would provide Indian Hill residents another strong opportunity to capitalize on electric bill savings.
The new electric aggregation fossil fuel rate is $0.04930/kWh. This rate will begin with August meter readings and be seen on September 2021 invoices. The rate will continue for a two-year term through August 2023. The new rate is 9.4% lower than the current Duke Price-to-Compare rate of $0.0544/kWh as of June 1, 2021.
Residents who currently are enrolled in the Village’s electric aggregation program with Constellation should have received an opt-out letter from Dynegy Energy Services in June. The opt-out letter was sent to all eligible residents, including anyone who may have moved into the Village or any others utilizing Duke Energy services. To take advantage of the $0.04930/kWh fossil fuel rate secured by the Village, NO ACTION IS REQUIRED BY YOU WITH THE OPT-OUT LETTER.
You also will receive a letter from Duke Energy confirming your enrollment – no action required if you wish to remain in the Village’s program.
Green Energy Option
For residents interested in the green power option, please contact Dynegy Energy Services after enrollment into the Village’s aggregation program and request green power for your account. The rate for green power energy is slightly higher at $0.05345/kWh. Although the green energy rate is not the lowest rate available, the impact is beneficial to the environment through the reduction in carbon emissions, improving air and water quality. Please feel free to contact Dynegy Energy for more information on the many benefits of switching to green energy.
Dynegy Energy Services
Customer Service: 1-888-682-2170
8:00 a.m. – 7:00 p.m. Monday-Friday
Researching Aggregation Rates
Please know that residents always have the ability to opt-out of the Village’s aggregation program and research their own program by visiting the Public Utilities Commission of Ohio’s “Energy Choice Ohio” at energychoice.ohio.gov.
If you wish to choose a different plan than the one offered by the Village, the Village cautions that you become familiar with another vendor’s program thoroughly before making the switch. Many vendors may provide lower introductory rates; however, once the introductory period expires, rates may increase significantly higher than the Village’s longer-term aggregation rate. In addition, there may be fees and penalties with canceling prior to a contract end date. There are no fees or penalties associated with the Village’s program.
Residents Utilizing Over 2,000 kWh Per Month
As a recap, your electric bill has two components: 1) generation supply costs; and 2.) distribution delivery costs. Generation supply costs represent approximately 58% of the average bill while 42% is represented by the distribution costs. Generation supply rates are established in the marketplace and the Public Utilities Commission of Ohio (PUCO) establishes Duke’s distribution rates. As a recap, your electric bill has two components: 1) generation supply costs; and 2.) distribution delivery costs. Generation supply costs represent approximately 58% of the average bill while 42% is represented by the distribution costs. Generation supply rates are established in the marketplace and the Public Utilities Commission of Ohio (PUCO) establishes Duke’s distribution rates.
Since 2003, the Village has taken advantage of the generation supply rates in the marketplace by creating an aggregation program which combines all Indian Hill households into a competitive bid process. The aggregation program worked well with the community saving more than $6 million
However, significant changes in the world of electric supply have taken place over the past few years. First, Duke has sold its generation assets and now buys its electricity directly from the wholesale market. Second, Duke’s regulated structure for their published rates contains a rate discounted below their standard rate for those who consume above a certain usage per month from October to May. These changes have resulted in a lower Price-to-Compare (PTC), which is the standard by which generation savings from the aggregate rate are determined.
Due to these changes, the Village’s electric aggregation consultant, AGE, identified a usage amount which determines a specific resident’s overall savings capabilities. This breaking point has been defined as 2,000 kWh per billing cycle:
1. Residents who consume less than 2,000 kWh per month throughout the year will realize savings on the Village’s aggregation program for all months.
2. Residents who consume more than 2,000 kWh per month may wish to consider leaving the aggregation program from October through May in order to capitalize more on Duke’s wholesale discount. Residents can then enter back into the Village’s aggregation program for the remaining months.
Due to this new insight, please do not hesitate to contact the Village’s aggregation consultant, Jordan Haarman at AGE at 618-203-8328 or firstname.lastname@example.org to receive further explanation and determine the options that are available to your specific electrical usage needs
As always, the Village’s program will continue to work diligently to find the best overall generation supply rate for all residents in order to avoid complicated and overwhelming comparison shopping on an individual basis.
Natural Gas Aggregation Program for June 2019 – May 2022
The Village has been informed that Energy Alliances, Inc. the Village’s gas aggregation consultant, was able to obtain a competitive rate with Constellation Energy Services for the Village’s Natural Gas Aggregation Program.
Constellation was able to secure a fixed rate of $0.396/Ccf ($0.4376/Ccf with current 7% sales tax) that will become effective with the June 2019 meter reading (July invoice) and end with the May 2022 meter reading (June invoice).
Constellation has sent notification letters to current program participants in April and May of 2019. This notification explained the fixed rate and provided additional information about the Village’s program. If you did not receive a notification in the mail or are not currently participating in the Village’s Aggregation Program, but want to enroll, please contact Constellation at 1-877-226-9456.
As a reminder, if a resident wishes to remain in the Village’s aggregation program, please do not respond to any mailers or phone calls from other agencies – simply ignore them. If you have any questions, please do not hesitate to contact the Indian Hill toll free customer service number at 877-226-9456 (available 24 hours a day, 7 days a week) or log on to Indian Hill’s dedicated web page at www.constellation.com/oh-indianhill.
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With a population of around 5,900 people, it is technically a city but its life style over the years has remained constant, that of a quiet residential community. Indian Hill is located in Hamilton County, Ohio, just a few miles northeast of the City of Cincinnati.
6525 Drake Rd,
Cincinnati, OH 45243
(513) 561 - 6500
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