Eligible West Chester Township residents and small businesses that opt to stay in or join an electric aggregate program will pay a fixed price of 5.02 cents per kilowatt hour, through the end of 2015.
The new rate begins with the January meter reading, runs through the end of December 2015, and would be the lowest since the township initiated the program three years ago. It gives residents a fixed cost during a set period, usually lower that retail.
In 2005 voters approved programs to purchase natural gas and electricity as a group, said Barbara Wilson, township spokeswoman. The first natural gas program began in 2006; electric followed in 2010.
Eligible residents and businesses will receive letters outlining the details later this month and have until Nov. 7 to opt out of the voluntary program.
Electricity would be provided through First Energy Solutions with billing through Duke Energy – which will continue to maintain the electric delivery system.
From June 1, 2010 through June 1, 2013, residential customers saved $675 on average, according to a chart prepared by the township based on FirstEnergy Solutions’ fixed price versus what they would have paid under Duke’s rate.
Information: 866-636-3749 or www.westchesteroh.org/aggregation.cfm
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