The City of Cleveland has entered into an agreement with Constellation Energy Services, Inc to provide residential and small commercial customers of the Cleveland Electric Illuminating Company (CEI) the opportunity for price protection and rate stability. After researching competitive electricity pricing options, the City has negotiated a competitive price of $0.0701 / kWh. This pricing will be effective beginning with August 2015 meter reads and continue through July 2017.
CEI customers will be automatically enrolled in the program unless they opt out by July 14, 2015. To opt out, customers should return the postcard they will receive in the mail to the address provided or by contacting Constellation toll-free at (855) 879-1253 or online at www.constellation.com/oh-cleveland.
“Supporting renewable energy through electric aggregation is one of the actions outlined in Cleveland’s Climate Action Plan, released in 2013,” said Chief of Sustainability Jenita McGowan.
“Aggregation provides a unique opportunity to offer price stability for homeowners and small businesses, while also providing customers with the opportunity to get their electricity from renewable energy.”
Through the City of Cleveland’s Municipal Aggregation Program, CEI customers are combined to gain group buying power for the purchase of competitively priced electricity. There is no cost for enrollment, and residents and businesses are not charged a switching fee. Other than the price and supplier, nothing regarding electricity service will change. CEI will continue sending monthly bills, responding to outages, and delivering electricity. No representative from the City of Cleveland Aggregation Program will come to your door and ask to switch suppliers.
The standard program provides 50% of energy from renewable sources. This means that half of each participant’s electricity usage will be backed with renewable energy credits (RECs). RECs reflect the environmental attributes from renewable energy resources, such as wind energy.
CEI customers may also choose to use 100% renewable energy by increasing their electricity price to $0.0708/kWh, costing $0.47 per month for the average resident. Alternatively, customers may decline the 50% REC product and decrease the price to $0.0694/kWh, saving $0.47 per month for the average resident.
If CEI customers prefer either of these options, and would still like to join aggregation, please go to www.constellation.com/oh-cleveland or call (855) 879-1253.