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Euclid approves 13‑month electric aggregation supply agreement with DynaG Energy
Summary
Council passed an emergency ordinance authorizing negotiation of a power-supply agreement with DynaG Energy Services East, LLC for the city’s electric aggregation program; consultant recommended a 13‑month term and a rate in the mid‑7¢ per kWh range.
Euclid City Council voted on Jan. 6 to authorize the mayor or her designee to negotiate a power‑supply agreement for the city’s electric aggregation program with DynaG Energy Services East, LLC, following a consultant recommendation for a shorter, 13‑month contract in response to current market conditions.
Eric Burns of Independent Energy Consultants, Inc., the city’s consultant on aggregation, told council the firm solicited bids and recommended a 13‑month term because energy markets have shifted since the city’s prior four‑year contract. “We’re gonna be looking recommending a shorter 13 month term this time around, looking at rates in kind of the mid 7¢ range,” Burns said.
Council members asked how the city offer would compare with other market offers, whether customers could opt out, and whether billing changes would affect residents. Burns said the city’s proposed rate would be competitive with offers on the Public Utilities Commission marketplace; customers would continue to receive a single bill from FirstEnergy as the distribution company and would be free to opt out and select other offers with no early‑termination fees. He also said the aggregation program will retain a voluntary 100% renewable option backed by wind power for residents who opt in and are willing to pay a modest premium.
Council moved to suspend rules and advance Ordinance 3-25 as an emergency measure to permit prompt contract negotiation. The motion to suspend the rules and forego additional readings passed; the ordinance then passed on roll call. Council and administration said the shorter term gives the city flexibility to respond to market changes and to revisit supplier selection next year.
The ordinance authorizes city officials to negotiate with DynaG Energy Services East, LLC through the assistance of Independent Energy Consultants, Inc., and to finalize a supply contract for the aggregation program. Staff said residents will receive information and opt‑out notices as required by state law before the supplier enrollment begins.
