In November of 2015, the City of Sidney and Villages of Ft. Loramie, Botkins, Russia and Bradford provided their residents a similar opportunity. Residents in these communities overwhelmingly approved the aggregation questions with upwards of 85% approval in several communities. The results of the competitive bidding for the aggregate provided residents with rates estimated to be 27% below the previous twelve month historical rates of DPL. The contracts negotiated are fixed for a full three-year term.
In Sidney, 89.43% of eligible households are participating in the city-wide electricity aggregation rate. Botkins, Bradford, Ft. Loramie and Russia are all seeing slightly higher participation levels ranging from 91% to 94%. An average resident will see an estimated $120 per year in savings based on historical DPL utility supply rates, with some larger users seeing upwards of $300 to $400 per year savings. An estimated $550,000 per year will be saved collectively by the residents of the five communities.
Affordable Gas + Electric (AGE) has been retained by these communities to guide them through the process of approving the aggregation questions, formulating the bidding process for the group of communities and to manage the ongoing efforts for the collective group.
“With anticipated approval from the residents of Greenville, Bellefontaine, Covington, Anna, West Milton and others, we will combine this group of 14 communities voting in November with our existing group of 8 other communities including the Sidney/Shelby County communities for a very nice regional negotiating group in the DPL utility area” said Jeff Haarmann, Managing Partner of AGE. “Suppliers such as AEP Energy, Constellation, Dynegy, IGS and others have already committed to bid to serve this collective group. When suppliers compete for our bulk aggregations, residents win.”