We recently received information for NOPEC, our electric aggregate, addressing the recent rise in electric bills. The information is as follows:
Gasoline, natural gas, and electricity prices have all doubled since 2021 and NOPEC is not immune to current market and inflationary spikes. The current NOPEC electric price is more than the current utility Price to Compare (PTC). The current PTC is low because the utility began purchasing the power more than 11 months ago when prices were much lower. This difference will continue until May 2023 when the utility’s pricing is expected to adjust to the current market and will likely increase. Until then, residents who are dissatisfied with NOPEC’s current electric pricing can call the NOPEC Customer Care Center at 855-667-3201 and ask specifically to be dropped to the utility’s default service at no charge-but not to “opt out”. Residents who drop NOPEC now can always rejoin when markets normalize.
If you have any questions, please contact the Municipal Building at (330)530-5472.
Original source can be found here
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