Village of Newtown Electric Aggregation Program
The Village’s electric aggregation program with Dynegy expired on the December 2022 Duke bill. Energy Alliances, the Village’s aggregation consultant, negotiated with multiple suppliers and was able to lock in a rate of 6.45¢ per kWh with Energy Harbor starting with the June 2023 bill and continuing through the May 2025 bill (24 bill periods).
The 6.45¢ per kWh may sound high. However, based on how Duke uses an auction process to set their generation supply rates, Energy Alliances anticipates that Duke’s default generation rate will be around 9.5¢ per kWh starting with the June 2023 bill.
A rate of 6.45¢ per kWh for the aggregation would save participants around 30% compared to taking Duke’s default supply rate.
The aggregation will have no termination fees with participants able to leave at any time without paying a fee.
You DO NOT need to do anything to participate in the aggregation program.
If you DO NOT want to participate in the aggregation program, you need to opt-out! Opt-out letters will be mailed in the second half of March. You must opt-out by April 12, 2023 and this can be done by mail, phone or the web.
If you have any questions regarding the aggregation program, you can reach out to Energy Alliances at 513.794.555.