Delaware would join a number of other communities in the State of Ohio to choose renewable electricity aggregation. However, not all aggregation is the same. SDO finds the following important:
Renewable energy will be purchased by way of Renewable Energy Certificates (RECs). Based on other communities’ experiences, it is expected that bulk pricing will make green energy feasible.
The current market rate in an aggregation program is no more than 4.75 cents/kWh fixed, while the five-year utility average has been roughly 6 Cents/kWh. As the typical household uses 12,000 kilowatt hours (kWh) per year, the projected estimated savings per household would be: .06000-.04750)x12,000 = $150.00.
The City of Delaware has approximately 17,000 households. At 70% participation, the estimated annual savings for the community would be: 17,000x.70x$150.00 = $1,785,000.