At the June 27, 2023 City Council meeting, Council reviewed and approved a residential and businesses green energy aggregation program based on market-bid rates for 100% Renewable Energy Credit (REC) national wind energy. Dynegy Energy Services is the supplier for the City of Bexley Aggregation Program, with a rate of $0.0686 per kWh. This 20-month rate constitutes a substantial savings to residents over the current AEP price to compare ($0.112 per kWh); at the current (July, 2023) rate, the average Bexley household will see their bill drop by approximately $47.50 per month based upon the negotiated rate.
Energy Type: 100% Renewable Energy Credit (REC), National Wind
Aggregation Electricity Cost per kWh: $0.0686 per kWh
Avg. Household Savings/Month (based on July, 2023 AEP rates): $47.50 per month
Program Commencement: September, 2023
Length of Fixed Rate: 20 months
Ability to Opt-Out: At any time - no charge
Ability to Opt-In: At any time - no charge
- Supporting clean energy through 100% Renewable Energy Credit (RECs), National Wind
- Financial savings of approximately $47.50 per month
History and Timeline
The City has been researching and planning for several years to leverage electrical aggregation to procure community-wide clean energy for Bexley. With AEP's standard rate having increased significantly over the past several months, the timing was advantageous to move forward with aggregation.
It’s important to know that each step of this process will be communicated thoroughly and carefully through a variety of City channels including mailings, website articles, the Bexley Blast, and other official forums where residents can ask questions and obtain information. It’s also important to note residents that residents will have the opportunity to opt in or opt out of this program at any time. While some residents have reported receiving calls about aggregation, these calls are not from or affiliated with the City of Bexley at this time; initial letters are being mailed in the middle of July.
- Week of July 17: Letters from Dynegy and City of Bexley begin arriving in mailboxes
- Week of July 24: Community education sessions
- August 7: Original opt-out date
- August 8: Enrollments processed
- August 20: Last date for original enrollments
- August 27: Recission period ends
- August 28 meter read: First read for billing cycle
Frequently Asked Questions
Aggregation is when a group of customers join together to form a single, larger customer that buys energy for its members. A large buying group may be able to get a better price for the group members than you can get on your own.
Ohio has a deregulated the energy market, meaning you can choose where you buy your electricity generation. For example, you can select to purchase electricity from renewable sources or fossil fuels for your home or business. Some residents may have already selected a supplier for electricity, and you may notice marketers mailing you letters to purchase energy from them.
Bexley's aggregation program will utilize green energy RECs.