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NOPEC official warns Springfield residents of rising wholesale electric costs; city earns grant funds from aggregation
Summary
A NOPEC relationship manager explained how the regional wholesale market and PJM capacity auctions have driven supply rates higher and described the city’s participation in aggregation, which provided the city energy‑efficiency grants of about $60,000 this year.
A relationship manager for the Northeast Ohio Public Energy Council (NOPEC) explained to the Springfield City Commission how recent changes in the regional wholesale market raised supply prices and why those shifts will raise residents’ electric bills starting in June.
Ginny (Genevieve) Costanzo, identified in the meeting as a NOPEC relationship manager, told commissioners that NOPEC aggregates member communities to negotiate supply rates and that Springfield joined NOPEC in February 2018. Costanzo said NOPEC’s program is evergreen—enrolled customers remain unless they choose another supplier—and that the organization offers several pricing options,…
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