Loveland Magazine

LOVELAND MAGAZINE

News and Events from the Loveland, Ohio Area

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Since 2004

Tag: opt-out

  • City establishes new fixed rate for members in electric aggregation program

    City establishes new fixed rate for members in electric aggregation program

    A Press Release from City Hall

    Loveland, Ohio (April 4, 2019) – City of Loveland officials are pleased to announce that they have established a low fixed rate for members in the City’s electric aggregation program. The City selected Dynegy as the program’s supplier following a competitive proposal process for a two-year program starting with the May 2019 meter read.  Dynegy recently won a competitive proposal process and is replacing Constellation as the program’s supplier. Program members will pay a low fixed rate of 5.015 cents/kWh for their May 2019 through May 2021 meter reads. Residents should look for a mailer from Dynegy on or about April 8th, announcing the new rates, terms and conditions.

    “We’re excited about the two-year offer of 5.015 cents/kWh which is lower than the expiring rate that served us well. The savings will be a benefit to our residents,” said Dave Kennedy, City Manager of Loveland. Kennedy concluded by saying, “Current program members and those customers who are receiving their electric supply from the local utility, Duke Energy, will receive an opt-out letter. The letter will explain the low offer we negotiated and the means to opt-out should a customer not want to participate in the program. Residents will have 21 days to return an opt-out card to Dynegy, if they decide not to participate.”

    Mayor Kathy Bailey said, “We are delighted by the low fixed rate for Loveland residents and businesses. This low rate will allow residents to predict their costs for the next two years.  Our rate of 5.015 cents/kWh is very attractive, and we expect participation rates in our program to be high.  Customers who are currently served by other suppliers may also join the City’s program by contacting Dynegy at 888-682-2170.”

    Customers served by another supplier should review the obligations in their existing contract before joining the City of Loveland program, as many suppliers charge a fee for early termination. Customers wishing to join the program must be in good standing with their bill payment and cannot be part of the utility’s percentage of income payment program (PIPP).

    The City is pleased to have made this program possible but asks that you do not call the city offices.  They are not equipped to handle a large volume of calls.  If residents have any questions, they should contact Dynegy at 888-682-2170 after the opt-out notice arrives.

     

  • Did you understand this Natural Gas Aggregation Program mailer?

    Did you understand this Natural Gas Aggregation Program mailer?

    Loveland, Ohio – Loveland officials have announced the continuation of their natural gas aggregation program for another two years with IGS Energy as the City’s selected supplier.

    Loveland City Manager Dave Kennedy

    Residents and businesses currently participating in the City’s natural gas program will remain in the program unless they respond to the opt-out letter which they should receive on or about January 26.

    Newly eligible account holders who receive their gas supply from Duke Energy will also receive a notice from IGS Energy explain the rate formula, terms and conditions, and various means of opting out of the City’s aggregation program. City Hall advises to read the information carefully before making your decision. These accounts will be added to the program unless they opt out as prescribed in the letter.

    David Kennedy, City Manager, said, “We have decided to continue with rates that will be set each month, a strategy that has worked well in the previous program. We have structured our program to allow us to convert to fixed-rates if and when we think that is in the best interest of Loveland residents.” Kennedy also pointed out, “This program makes no guarantee of savings and it is completely voluntary.”

    Loveland Mayor Kathy Bailey

    Mayor Kathy Bailey said, “we are pleased to offer this program to our residents as another option to manage increasing energy costs. The City was able to negotiate a great feature for our residents and small businesses. Participants will be able to leave the program, at any time for any reason free of charge.”

    Mark Burns, President of Independent Energy Consultants, Inc., said, “we are pleased to have designed this program for Loveland and have negotiated a favorable formula for determining future gas rates. Residents should expect to receive a notice from IGS Energy explaining the rate formula, terms and conditions, and various means of opting out of the City’s aggregation program. Please read it carefully before making your decision.”




    Doug Austin, Executive Vice President of IGS Energy, said, “Any resident or small business that is currently served by another supplier should also receive a letter inviting them to receive the same rate, but anyone may call IGS Energy at 1-877-353-0162. If residents are served by another supplier, they should be aware of the obligations in their existing contract before joining the program as many suppliers do charge a penalty for early termination.”

    The City asks that you do not call the City offices because they are not equipped to handle a large volume of calls. Residents should directly contact IGS Energy toll free at 1-877-353-0162 if they have questions.

    [Matt Huether] Prediction: Loveland 41-30 over Turpin

    Matt Huether studies stats to predict the outcome of Loveland High School sporting contests.