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NOPEC tells Parma council residents will see higher electric prices this summer; gas-aggregation opt-outs to be mailed
Summary
A NOPEC representative told Parma committees that natural gas aggregation opt-out letters will be mailed this month and that electric supply prices will rise in the June–December block to 8.92¢/kWh.
A representative from NOPEC told Parma’s Governmental Operations Committee on April 7 that the two-year natural-gas aggregation notification will be mailed to eligible Parma residents later this month and that NOPEC’s standard electric supply price will rise for the June–December block.
In a presentation to council and staff, the NOPEC representative said the gas opt-out is an automated notification process required by the Public Utilities Commission of Ohio and that residents who want to stay in the program need not act on the mailing; residents who wish to choose their own supplier must opt out by phone, online, or via the mailed tear-off.
“For any resident that does not want to participate and they want to find their own natural gas supplier, they need to opt out and they can do that either by calling NOPEC, going online, or completing the opt out tear off and returning that, in the mail,” the NOPEC representative said. The presenter said NOPEC will also host virtual informational sessions and has distributed FAQs to municipalities.
On electricity prices, NOPEC announced a standard program supply rate of 8.92¢ per kilowatt-hour for June meter reads through December meter reads; the representative said that is a six-month fixed block and that the current rate is 6.49¢ per kWh. The presenter said the change reflects capacity-auction outcomes in PJM and that market impacts are expected to persist over the next two years.
NOPEC discussed fixed-rate options and timing with council. The representative said a 12-month fixed option is being offered at 8.5¢/kWh and a 24-month fixed option at about 7.8¢/kWh. He cautioned that longer fixed terms risk locking in a higher rate if market prices fall.
Council members asked whether NOPEC could provide the December-to-December rate in advance and whether other fees on bills would be affected. The NOPEC presenter clarified that the capacity-auction effect applies to the supply line item; distribution/transmission charges are set by the utility and may change separately pending Public Utilities Commission approval. He also said that the announced June–December block is being held fixed to provide short-term price stability for residents.
Ending
NOPEC materials and FAQs were left with council. The presenter asked staff to identify how many informational handouts the city would like for distribution; NOPEC said it would share virtual-session dates and graphics for municipal use.
