Agreement provides competitive pricing, carbon-free energy options,
and discounts for seniors
CINCINNATI–(BUSINESS WIRE)–For the second consecutive term, the City of Cincinnati has selected Constellation,
a subsidiary of Exelon
Corporation and a longtime competitive energy supplier in Ohio,
to provide monthly variable-rate natural gas supply to more than
40,000 Cincinnati residents and small businesses. According to city
officials, the program saved participants a total of $2.1 million
dollars in 2016, as compared to the Standard Service Offer from the
utility during that period of time.
In addition, the City of Cincinnati will be able to provide customers
with a new enhancement to the program that allows them to reduce their
carbon footprint. Through this voluntary program, Constellation will
purchase carbon offsets generated from renewable natural gas sources
such as landfills or farms to offset CO2 emissions associated with each
customer’s natural gas use.
“This agreement gives residents an easy option to manage their energy
costs and makes Cincinnati the first city in the country with
aggregation programs to offer participants the option of 100 percent
carbon-free energy,” said Michael Forrester, Energy Manager for
Residents age 65 or older, who participate in the aggregation program,
may opt to receive a discount of $0.01 per Ccf off the monthly variable
rate or any applicable fixed rate by contacting Constellation.
“We look forward to continuing to serve Cincinnati residents and small
businesses,” said Kevin Klages, senior vice president of mass markets
for Constellation. “Cincinnati customers can take advantage of the
competitive prices we’ve been seeing in the natural gas market while
giving the city the option to lock in a fixed rate at a later date.
Additionally, residents can opt-in to a program that will use carbon
offsets, which will substantially reduce their carbon footprint.”
Under the terms of the new agreement, scheduled to begin with October
2017 meter reads and continue through September 2020, the program’s
monthly variable rate is based on the New York Mercantile Exchange price
for natural gas plus a fixed charge of $0.1217 per one hundred cubic
feet (Ccf). At points during the 36-month agreement, if the city
determines market conditions are favorable, the program rate may be
converted to a fixed rate.
Other than the price and supplier, residents who participate in the
program will experience no change in their natural gas service and will
continue to receive one monthly bill from Duke Energy – Ohio, the
utility responsible for delivering natural gas to customers’ homes and
maintaining the system.
The City of Cincinnati reminds residents that no one from the city will
come to their home to ask them to join the aggregation program. To learn
more, Cincinnati residents can contact Constellation toll-free at (844)
830-3336 or online at www.constellation.com/oh-cincinnati.
Constellation customer service representatives are available 24 hours a
day, seven days a week.
This offer sold by Constellation Energy Services – Natural Gas, LLC., an
independent natural gas supplier licensed by the Public Utilities
Commission of Ohio, license number 10-186G(3). Constellation’s price
does not include any taxes, utility distribution charges or other
utility fees, charges or credits, and is subject to the terms of the
agreements with the City and the participants.
Constellation is a leading competitive retail supplier of power, natural
gas and energy products and services for homes and businesses across the
continental United States. Constellation’s family of retail businesses
serves approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Baltimore-based Constellation is a subsidiary of Exelon Corporation
(NYSE: EXC), the nation’s leading competitive energy provider, with 2016
revenues of approximately $31.4 billion, and more than 35,500 megawatts
of owned capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. Learn more at www.constellation.com
or on Twitter at @ConstellationEG.
Dave Snyder, 410-470-9700