Dynegy was selected based on a combination of the price it quoted and because it offers a “net metering program” that allows residents with solar panels to sell energy back to the power grid.
The rate for those enrolled in the program will be 6.99 cents per kilowatt hour (kWh) – almost 5 cents less per kWh than AEP’s June 2023 market price of 11.84 cents per kWh. The program went into effect in September 2023, with residents first seeing the aggregated rates appearing on their October 2024 electric bills.
The contract between Dynegy and the City is for 24 months, but residents are not locked into a contract. Residents may choose to opt out of this program at any time and at no additional cost.
Residents also will have an option of participating in a program that offers electricity sourced from more traditional sources. That price will be 6.63 cents per kWh.
Electricity will continue to be provided to residents on AEP’s existing power lines, and AEP will continue to be the company to call for power outages and other service problems.
Residents who have not already opted out of the aggregation program (and who are not already in a contract with another provider) are automatically enrolled in the City’s green-energy program program, unless they choose to opt out and select their own provider.
Why insist on green energy? Because it aligns with the City of Hilliard’s overall efforts to protect our environment, save natural resources, promote healthy lifestyles, and ensure future generations will enjoy calling this community a great place to live, learn, play, and work!
The negotiated prices at the time the City agreed to contract with Dynegy were approximately 4 cents less per kilowatt hour than AEP’s market rate.
Electric prices constantly fluctuate, and the economics of green energy production are different than coal and natural gas-based production. So, there is no guarantee how Hilliard’s negotiated bulk rate for sustainable electricity will perform over time compared to the price individual customers will pay on the open market.
By leveraging the power of aggregation in negotiating prices, we seek the most competitive rate possible for this sustainably sourced electricity.
Fortunately, residents have the ability to opt out of the program at any time and at no additional cost.
City Hall and Admin
3800 Municipal Way
Hilliard, OH 43026
(614) 876-7361
Hilliard Mayor’s Court
5171 Northwest Parkway
Hilliard, OH 43026
(614) 334-2348
Division of Police
5171 Northwest Parkway
Hilliard, OH 43026
Police Assistance
(614) 876-7321
Police Records and General Assistance
(614) 876-2429
Norwich Township Fire
5181 Northwest Parkway
Hilliard, OH 43026
(614) 876-7694
Hilliard Recreation & Parks
3800 Veterans Memorial Dr
Hilliard, OH 43026
(614) 876-5200
© 2024 City of Hilliard. All rights reserved.
Hilliard is happening! Find out what’s going on with our weekly newsletter.