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Trustees authorize one‑year electric aggregation agreement as Duke rates climb
Summary
Trustees approved giving the administrator authority to sign a one‑year electric aggregation contract after a market review showed Duke Energy’s price‑to‑compare likely rising; Energy Alliances told the board the new term should preserve savings for township residents.
Fairfield Township trustees authorized the township administrator Tuesday to enter into a one‑year electric aggregation contract to prevent a lapse in a community aggregation program, officials said.
Mr. Deaters of Energy Alliances briefed the board on market conditions and a recommended one‑year term. “The Duke price to compare is headed north, probably north of 10¢ in, the next 1 year term,” Mr. Deaters said, and he said the offer the company was presenting was expected to be significantly below Duke’s upcoming rates.
Why it matters: Township officials said the aggregation program has produced community savings over recent terms and that a failure to contract in a timely way could return residents automatically to Duke’s standard service at higher rates. Deaters told the board that, across communities the firm serves, residents saved about $1.9 million over the last 16 months (about $400 per user), and that continuing the program would maintain a competitive price for electric supply.
Contract term and consumer choice: The board authorized a one‑year term, and Deaters and trustees emphasized residents retain the right to opt out. Deaters described the program as voluntary: “They can come and go as they please. They can without any fee at all,” he said.
Board action: The board adopted a resolution authorizing the administrator to execute an aggregation agreement with the supplier recommended by Energy Alliances (Resolution 25‑37). The resolution language directs the administrator to execute a supplier agreement recommended by the township’s broker and to pursue a one‑year term because of market uncertainty.
Ending: Township staff said they will post program materials to the township website and distribute information as the new contract is implemented so residents understand their enrollment and opt‑out options.
