Residents enrolled in Bellefontaine’s electric aggregation program are bracing for an increase in their electric rates starting January 1, 2025.
Wes Dodds, Service-Safety Director, outlined the changes to the city’s energy contract during a Tuesday, June 25, meeting of the Bellefontaine City Council.
Currently, residents participating in the aggregation program benefit from a rate of $0.0499 Kilowatt per hour through Energy Harbor.
However, with Bellefontaine’s contract with Energy Harbor set to expire Dec. 31 of this year, the city has secured a new 12-month contract with Dynegy Energy Services. Under this new agreement, the rate will rise to $0.0718/kWh, effective at the start of 2025.
Despite the impending increase, Dodds assured council members that the new rate with Dynegy Energy Services still represents a significant savings compared to the standard rate charged by AES Ohio, which stands at $0.0858/kWh.
Dodds emphasized during the meeting that residents do have the option to opt out of the city’s aggregation program and explore alternative electric providers. However, he cautioned residents to exercise caution and thoroughly review their options before making a switch. Some alternative rates, he warned, may initially appear attractive but could include introductory or variable terms that might escalate costs over time.
The announcement has prompted discussions among residents who are weighing their options and considering whether to remain in the aggregation program or seek out other providers offering potentially different rates and terms.
As Bellefontaine prepares for the transition to Dynegy Energy Services in 2025, city officials will continue to provide updates and information to ensure residents are informed about their energy choices.