MOUNT VERNON — Officials with the city of Mount Vernon have announced they selected AEP Retail Energy, the non-regulated subsidiary of American Electric Power, as its preferred electric provider.
On Nov. 8, residents approved a ballot issue authorizing the city of Mount Vernon to establish an Opt-Out Electric Aggregation Program. The city is working with its consultant, Thomas Bellish, president of Buckeye Energy Brokers, to implement the aggregation program. In an effort to allow residents to start saving now, an endorsed mailer from the city has been sent this week allowing residents in the community to take advantage of the immediate savings offered by the Endorsed Program negotiated by the city.
The rate for residents under the city’s Endorsed Program is 9 percent off AEP Ohio’s average Price to Compare. The initial rate will be 6.85 cents per kWh effective January 2012. It covers the January 2012 through February 2014 billing cycles. The rate excludes the distribution service and customer charge provided by the utility.
Residents who live in the city of Mount Vernon are eligible to participate in the program, and will receive information in the mail describing the offer this week. Those wishing to sign now will need to call AEP Retail Energy directly at 1-855-299-7372 or complete and return the enrollment form to AEP Retail Energy. AEP Retail Energy encourages customers to enroll by Dec. 23 to ensure that they start the program with their January 2012 billing cycle.
Those who enroll in the city’s electric program will continue to be billed by the local electric utility, AEP Ohio. AEP Retail’s supply charges will appear as a line item on the bill.
Note correction to phone number for AEP Retail.