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Council adopts emergency ordinance to continue municipal electric aggregation with Dynag Energy
Summary
To respond quickly to volatile energy markets, the Loveland City Council approved an emergency ordinance directing the city manager to execute a supply agreement with Dynag Energy and continue the city's opt-out aggregation program.
The Loveland City Council voted unanimously to adopt an emergency ordinance directing the city manager to continue the municipal electric aggregation program and to execute a supply agreement with Dynag Energy Services LLC.
Staff presented market options and recommended a 13-month supply contract to improve price positioning in volatile markets. The presenter (identified in the transcript as Mr. Wid) told council the recommended 13-month price from Dynag was 9.99 cents per kilowatt-hour and explained the program remains an opt-out aggregation: residents may opt out at any time without termination fees.
Council discussed trade-offs between short-term savings and longer contract security; staff said the consultant believed a one-month shift in contract timing would favor pricing and that staff hope to move toward longer terms (24 months) later when conditions stabilize.
The ordinance cites Ohio Revised Code section 4928.20 and was read and adopted as an emergency measure; Ordinance 18 passed by roll call vote, 7–0. Staff said they will not sign the supply agreement immediately but will hold terms pending final confirmation of rates and procurement requirements.
Next steps: City manager to execute the supply agreement within the authorized not-to-exceed price and return any required contract materials to council as required by procurement rules.
