UNION TOWNSHIP – AEP customers in the unincorporated portions of Union Township will receive opt-out letters from IGS Energy of Dublin next week.
Last month, Union Township Trustees unanimously approved a two-year fixed price contract with IGS Energy, after the township’s aggregation consultant – Trebel LLC – solicited bids for electric power. Township voters approved electric aggregation last May.
Residential and small business customers will pay a fixed rate of 6.99¢ per kilowatt hour through the February 2017 billing period. The rate applies to the generation and transmission portion of residents’ electric bills.
AEP will continue to charge customers for distribution service, a customer charge and several riders. AEP will handle billing for IGS so customers will continue to receive just one bill for electrical service.
The letter notes that IGS’ price is “lower that any other comparable fixed price offer on the Public Utilities Commission of Ohio Apples to Apples Comparison site as of January 20, 2015.” AEP’s Price-to-Compare for December 2014 was 9.1¢ per kilowatt hour. The IGS price represents a 23 percent savings.
Customers wanting to participate in the new program and receive the discount don’t have to do anything. They will be automatically be enrolled in the Union Township Electric Aggregation Program unless they opt out by Feb. 23, 2015. Customers can opt out by returning the opt out form mailed to them or by calling IGS Energy at 1-877-353-0162 by Feb. 23.
If customers ever become unhappy with IGS’ service or rate, they may cancel their participation free of charge at anytime and return to AEP for generation and transmission. AEP will continue to maintain the distribution system which includes the wires bringing electricity to your home. Customers should continue to contact AEP for power outages or any other delivery issues.
The discounted price should show up on your bill within one to two billing periods after the opt out deadline passes.
State law prohibits members of cooperatives such as the Energy Co-op from participating in aggregation programs.