Loveland council adopts 12‑month electric aggregation contract with DynaG as market prices rise

Loveland City Council on an emergency vote approved an ordinance directing the city manager to execute a supply agreement with DynaG Energy Services LLC to continue the city's electric aggregation program beyond April 30, 2025, the end of the current supply contract. The measure passed by roll call vote, 7 to 0.

The city’s assistant city manager, Chris Wynich, told council the market for energy supply has become volatile and that proposals returned to the city in January showed higher prices than the city’s previous four‑year contract. Wynich said the city’s consultant, Independent Energy Consultants (IEC), recommended a 12‑month contract to allow the city to revisit terms if market conditions stabilize. “This is a market standard,” Wynich said, and later added, “This is a tough pill to swallow,” when describing the higher prices.

Wynich summarized proposals received in January and said four companies responded, offering terms from 12 to 36 months. He told council the lowest offer that staff felt was firm and ready to proceed came from DynaG at a 12‑month term; staff recommended the 12‑month option because consultants expect market prices to level off within a year. The ordinance text read into the record cites Ohio Revised Code section 4928.2 as the legal basis for a governmental aggregation program with opt‑out provisions.

Under the program, most residential customers are automatically enrolled at the new price but will receive a notice and may opt out when the new supplier takes effect; Wynich said the city will send letters and that residents may join or leave the aggregation without termination fees. He also said a 100 percent renewable option will be offered as a separate opt‑in choice at a higher per‑kilowatt‑hour price.

Several council members pressed staff on the length of the term and resident communications. Councilman Bateman asked whether the city should expect to pursue similar one‑year renewals in coming years; Wynich said IEC’s advice and the current market led staff to recommend a one‑year agreement now but acknowledged a longer term could be reconsidered when the market stabilizes. Councilman Ping asked staff to prepare a consumer fact sheet explaining fixed versus variable rates and other items residents should watch for; Wynich agreed to coordinate that with IEC.

The ordinance adopted authorizes the city manager to execute a supply agreement with DynaG Energy Services LLC and declares an emergency to preserve pricing proposals that were held by respondents for 30 days. The council's roll call for the final vote recorded Vice Mayor Phelps, Councilman Ping, Mayor Bailey, Councilman Bateman, Councilman Goodyear, Councilman Hart and Councilman Ory voting yes; the clerk announced the ordinance adopted by a vote of 7 to 0.

The change will take effect immediately under the emergency declaration; affected customers will receive notification of the new price and their opt‑out rights before the supplier change is implemented.