Another public hearing is slated for later in November
After receiving support by over 60% of the City of Washington voters, the Washington City Council during Wednesday night meeting continued the steps to joining in an municipal electric aggregation program.
Aggregation is where several groups of consumers form a much larger group that can then attempt to buy energy at a lower rate & pass the saving along to their members.
The goal is to now see savings for both Washington City residential & commercial customers & if everything processes as planned those in the plan could start to see saving of about 31% on the price they pay per kilowatt hour for electric by spring of 2012.
Tom Bellick of Buckeye Energy presented to council that a price of $6.59 per kilowatt hour for residential & $6.09 per kilowatt hour for commercial customers has been agreed to with AEP (American Electric Power) Retail. These rates would be frozen for a 2 year period. Bellick stated that would be a 9.8 cents per kilowatt savings over what customers are now paying Dayton Power & Light.
The first of two required public hearings was held at Wednesday night council meeting. A second will occur at the next council meeting on Monday November 21st at 7:30pm.
After that second hearing the Public Ultities Commission will then have to okay the pricing proposal.
Plan is then to mail out information to customers in late January offering residents an opportunity to option out if they wish..
After about a month to allow for any op-outs customers hopefully in time of the March 2012 billing will start seeing savings on what they pay for electric per kilowatt hour.
Customers will still receive their electric bills from DP &L, as the aggregation program relates only on the rates per kilowatt hours only.
Dayton Power & Light will still be responsible for all maintenance work (down lines etc) & include any additional fees.