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Gahanna told aggregation rates will rise as PJM capacity charges spike; program still below AEP Ohio standard service offer
Summary
SOPEC presenters told Gahanna City Council the city's electric aggregation will see a June price increase driven by a tenfold rise in PJM capacity charges; presenters said the program remains slightly below the AEP Ohio standard service offer and that the city will mail postcards to eligible residents.
Gahanna City Council heard a rate update May 19 from representatives of the city's energy aggregation program and its vendor, who said an upcoming price increase is driven primarily by a sharp rise in regional capacity charges and will take effect in June.
Luke Suffrage and Stephen Harris of the SOPEC/Gahanna Energy Plus program told the council that since the program reactivated in December 2024 it has produced savings while providing a green supply option. "Since December, we've seen about $423,000 in savings, across customers," Suffrage said, noting that the figure includes small commercial and residential accounts. He said about 9,000 customers are currently enrolled in the aggregation.
The presenters said the price increase is linked to capacity charges set by PJM, the regional transmission operator. "From a capacity standpoint, the capacity went tenfold this year," Suffrage said, and the program has seen capacity rise by roughly "about 2 and a half cents per…
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