Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Utility Aggregation topic
No spam. Unsubscribe anytime.
Trustees authorize two‑year fixed natural‑gas aggregation, staff says it could lower generation cost about 5%
Summary
The board authorized the township administrator to enter a two‑year fixed natural‑gas supply agreement with Direct Energy Services LLC; staff said bundling with nearby communities and a two‑year fixed term was recommended and could yield an estimated ~5% reduction in generation cost while residents can opt out.
Hamilton Township trustees authorized the administrator to enter a supply agreement with Direct Energy Services LLC to continue the township’s natural‑gas aggregation program beyond March 31, 2026. Staff recommended a two‑year fixed term after reviewing broker analysis of fixed versus variable pricing and regional supply dynamics.
“We agreed with their recommendation that we do a 2 year fixed term,” staff said, explaining the term is not so long that it would tie the township negatively should market conditions change. Staff noted that the township’s program bundles the community with Loveland and two other nearby jurisdictions, which helps secure a lower rate through volume.
Staff estimated the two‑year fixed option could represent approximately a 5% decrease in generation costs compared with current commodity pricing, but cautioned that commodity prices change daily and encouraged residents who prefer monthly options to consult PUCO resources. The township’s opt‑out program allows residents to decline participation at any time without penalty.
Trustees approved the administrator’s authorization to execute the supply agreement. Staff said they will post final program details and opt‑out instructions to the township website and will direct residents with questions to the broker for comparisons against PUCO rates.
