Navigating the NOPEC Electricity Aggregation 2023 | Ohio

NOPEC, the Northeast Ohio Public Energy Council, is sending opt-out letters to over half a million electricity consumers in the region, asking if they want to participate in its energy aggregation program this summer. NOPEC is re-enrolling the 550,000 electricity customers it dropped last summer after its energy costs spiked and were no longer competitive with FirstEnergy's standard rate. NOPEC's aggregated rate for electricity this summer and fall is expected to be a better deal than FirstEnergy. Customers who don't opt out will be re-enrolled automatically, and those who want to rejoin NOPEC's program don't need to do anything. The opt-out deadline is May 2, and consumers can opt out once every three years without penalty.

NOPEC serves 240 Ohio communities, and customers in the region have the option to choose their own electricity supplier. The first meter reading will be in June. Last summer, NOPEC's customers were returned to FirstEnergy's standard service offering because NOPEC's rate could no longer compete due to uncertainty in the energy market and the timing of competitive auctions for power supply. This summer, NOPEC customers will be getting the better deal compared to those sticking with FirstEnergy's Ohio utilities Ohio Edison, The Illuminating Company, and Toledo Edison. NOPEC's rate for meter readings in June through December will be 6.45 cents per kilowatt-hour, while FirstEnergy's rate will be about 10.1 cents, up from its current rate of about 5.8 cents, which will continue through May.

After the initial six-month period, NOPEC ratepayers will return to its standard program price, which could change month-to-month. NOPEC does offer 12- and 24-month fixed term pricing. If you are interested in shopping different electricity rates for your business please contact us as soon as possible.