Beavercreek locks in lower electric rate with 3-year agreement


Residents and businesses in the city of Beavercreek may be able to save on electric bills after council approved an electric aggregation agreement with AEP Energy Inc.

The three-year agreement sets the available electric rate at about 5 cents per kilowatt hour, a “significant discount off of the current DP&L price to compare,” according to a release from the city.

STAY CONNECTED: Greene County News on Facebook

Notification letters will be sent out Friday. Residents and business owners who are not already part of a third-party energy contract will be automatically enrolled in the program unless they choose to opt out, according to the city.

Officials said this is the first electric aggregation program the city has entered since voters passed a ballot measure in 2003 enabling the city to pursue such agreements.

MORE >>> Xenia’s $6 million hotel now set to open in August

“Aggregation programs in general are pretty good deals for residents,” said Daniel Deters, Energy Alliance representative who assisted the city in choosing a supplier and negotiating the rate.

Deters advised to be aware of “scammers” and read the fine print before entering an agreement with suppliers, some of which offer short-term deals with high termination fees.

Residents and businesses can end participation in Beavercreek’s program at any time without penalty, Deters said.

 


Reader Comments ...


Next Up in Local

Tow truck driver charged after hauling pizza delivery car away with boy, 11, inside 
Tow truck driver charged after hauling pizza delivery car away with boy, 11, inside 

An Illinois tow truck driver was charged after he hauled away a pizza delivery car while a 11-year-old boy with Down syndrome was inside the vehicle, WLS reported. >> Read more trending news  Brian Clark, 52, of Bensenville, was charged with endangerment of a child and reckless conduct. He was released on bond Friday evening, the television...
Former Jefferson Airplane singer Marty Balin sues hospital over botched surgery
Former Jefferson Airplane singer Marty Balin sues hospital over botched surgery

A founder of the Jefferson Airplane lost part of his tongue and his left thumb during a botched surgery in New York, according to a lawsuit filed late Thursday. >> Read more trending news  Marty Balin filed a suit in the Manhattan Federal Court, claiming his vocal cords were paralyzed and he lost half his tongue in a tracheotomy after open...
Wright State medical students to volunteer at community health fair event
Wright State medical students to volunteer at community health fair event

Students at the Wright State University Boonshoft School of Medicine will volunteer at the second annual Community Health Fair at Five Rivers Family Health Center in Dayton Saturday.  The event serves as the official kick-off for the organization's health coach project. Working in neighborhoods near the recently closed Good Samaritan Hospital...
Woman arrested after trying to break into Seattle home through dog door
Woman arrested after trying to break into Seattle home through dog door

A Seattle couple told police that a woman broke into their home through a dog door.  The attempted break-in was caught on surveillance cameras. The couple said they were at home when they saw a car pull up next to their driveway. Hours later the car was still there. Then the couple noticed the woman who was in the car was trying to break into...
Trial delayed for suspect in central Florida school shooting
Trial delayed for suspect in central Florida school shooting

The trial for a 19-year-old Florida man accused of firing a shotgun inside a Marion County high school has been postponed. It was supposed to start Monday, but the defense said it needed more time. >> Read more trending news  In April, a school resource officer inside Forest High School in Ocala arrested Sky Bouche minutes...
More Stories