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Bexley council amends and approves ordinance to preserve flexibility on electric aggregation
Summary
After extensive public and council discussion about timing and rate risk, Bexley City Council amended and passed Ordinance 05-25 to allow the mayor to execute an electric aggregation contract subject to Board of Control approval, leaving the option to pause the program until AEP’s summer “price to compare” is known.
BEXLEY, Ohio — After an hourlong discussion about market timing and resident bills, Bexley City Council on Feb. 25 amended and approved Ordinance 05-25, which governs the city’s electric aggregation program. Council added language allowing the mayor to execute a supplier contract subject to Board of Control approval.
The change came after presentations from two Aspen Energy representatives and extended questioning about whether the city should sign a new aggregation contract now or let the current program lapse, monitor American Electric Power’s (AEP) upcoming auction results and then move quickly if market conditions make aggregation advantageous. Mayor Kessler and council members repeatedly said they worried about enrolling residents in a new aggregation that could be more expensive than AEP’s price to compare for the first month, while brokers said longer-term savings remained likely.
The issue matters because roughly the majority of Bexley…
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