***Hopefully below will explain why you are receiving a letter or email from Duke regarding electricity. Reminder, the gas aggregation rate is separate from this and that rate is $0.839 / ccf with AEP.
ELECTRIC AGGREGATION NOT RENEWING
The current Community electric aggregation program expires in December 2022. The goal for Energy Alliances, the Community’s energy consultant, was to find an alternative supplier able to beat Duke Energy Ohio’s default generation rate of 6.38¢ per kWh before the program’s expiration. After thorough analysis, Energy Alliances did not find a supplier that could compete with Duke Energy Ohio’s rate and suggested to the Community that they not renew the electric aggregation program at this time. In an effort to look out for the best interest of the Community and its residents, Energy Alliances recommended that all the accounts on the program to go back to Duke Energy Ohio’s default generation rate at the program expiration in December 2022.
Energy Alliances and Reading will continue to watch the market and plans to bring options to the Community if they see a favorable alternative. The earliest the program would return is likely Spring of 2023.
Original source can be found here.
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