Renewable Electric Aggregation Benefits

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:

• REDUCE CARBON FOOTPRINT: (comprehensive carbon audit needs done at the city level).
• JOBS CREATED IN OHIO: For example, AEP's Integrative Renewable Energy program uses OHIO WIND & SOLAR assets which supports job growth in Ohio.
• KEEP OUR TAXES IN OHIO: AEP is building renewable energy projects in Ohio, while other programs purchase credits from companies in other States and our taxes leave the state.
• NO MONEY OUT OF POCKET: This does not cost the City of Delaware any money.
• COMMUNITY INVESTMENT GRANTS: AEP has community investment grants available that can be used toward any project within the city, though we would like them to be sustainable.

How Green Energy Saves 

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.

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