By 1808Delaware
The City of Delaware’s electric aggregation program is generating substantial savings for residents, as revealed in the city’s recently released second-quarter report. The program, launched in mid-2023, has helped participants reduce their energy bills by over 35% compared to the default rates provided by major energy companies, such as AEP Ohio and Ohio Edison. These savings have not only benefited individual households but have also contributed millions of dollars to the community.
Significant Savings for Delaware Residents
Since its inception, the aggregation program has consistently demonstrated its value. According to the latest reports, AEP Ohio customers participating in the program have saved an average of 35%, which translates to more than $380 in savings on electric generation supply. Ohio Edison customers have similarly benefited, seeing an average reduction of 33%, or about $380, in comparison to Edison’s standard rates. Collectively, these savings amount to more than $3.7 million that have stayed within the community instead of flowing to large utility companies.
By joining forces through this aggregation initiative, Delaware residents have been able to access competitive electricity rates typically unavailable to individual consumers. This program allows for bulk purchasing of electricity, significantly driving down costs for households and small businesses alike.
Dynegy: Powering Delaware’s Savings
At the core of the program’s success is Dynegy, the electric supplier chosen by the City of Delaware. Dynegy, a certified retail electric provider with a strong track record, has been providing electricity to Delaware residents and small businesses since July 2023. This arrangement will continue until at least June 2025. With its headquarters in Cincinnati, Dynegy is well-established in Ohio, and its expertise has proven instrumental in delivering cost-effective energy solutions to the city.
The selection of Dynegy was based on the supplier’s ability to offer competitive rates, made possible through the aggregation program. The company is recognized for its reliability and customer-focused service, helping Delaware achieve significant savings while ensuring that residents have a stable and affordable energy supply.
Energy Alliances: Facilitating the Program
The City of Delaware’s electric aggregation program wouldn’t be possible without the support of Energy Alliances, the city’s energy aggregation broker. Energy Alliances has played a critical role in securing the best rates and guiding the city through the process of managing the aggregation program. Their expertise in energy markets allows them to identify and negotiate favorable terms, ensuring Delaware’s residents continue to benefit from lower electric costs.
Energy Alliances also provides quarterly reports, such as the one recently published, which detail the program’s ongoing success and provide transparency to residents. These reports, available on the city’s website, offer a comprehensive view of how the program is performing, highlighting the savings achieved and helping to keep residents informed about the benefits of the aggregation program.
Voter-Approved and City-Led Initiative
The groundwork for the City of Delaware’s electric aggregation program was laid in 2022, when residents voted to approve the initiative. Following this, the City Council swiftly passed an ordinance adopting the program, aiming to provide an affordable, sustainable energy solution for the community.
The support from both voters and city officials underscores the commitment to ensuring that Delaware residents have access to competitive electricity rates without the burden of navigating the complexities of the energy market independently. The program’s structure is designed to benefit all participating residents and small businesses, ensuring long-term affordability and stability in energy costs.
Looking Ahead: Continued Benefits Through 2025
As the program moves forward, Delaware residents can expect the savings to continue. With Dynegy providing electric supply until June 2025, the city’s aggregation program remains a secure and beneficial option for those seeking to reduce their electricity bills. The city will continue working closely with Energy Alliances to monitor the program’s performance and adjust strategies as needed to maintain its success.
Residents who are not yet participating in the aggregation program can learn more by visiting the City of Delaware’s official website, where they can access the latest reports and find detailed information on how to join.
For now, the City of Delaware’s electric aggregation program stands as a testament to what can be achieved through community cooperation, innovative planning, and forward-thinking governance. The continued savings will undoubtedly have a lasting positive impact on the local economy and contribute to Delaware’s overall resilience in managing energy costs.
Source: City of Delaware
