Gas Aggregation For Wilmington

Ordinances have been passed, bids have been received and soon, maybe by April, letters to opt out of natural aggregation will be sent to Vectren gas customers. If the customer decides not to be a part of the aggregation agreement they must return the enclosed opt out (of aggregation) form. Otherwise the customer will be automatically enrolled. Keep in mind that billing and service will still be the responsibility of Vectren who will charge a separate amount for that service that is called “energy delivery”. Electric aggregation began last year and this program follows the same general guidelines with one exception, opt in letters will be sent to Vectren customers that have signed individual contracts with other suppliers.

Although the final actions have yet to be completed the recommended bid was submitted by Volunteer a gas supply company. Until final action is taken by council exact costs cannot be quoted but these numbers are close.

Volunteer Energy offers a unit* price of 52.8 cents ($.528) fixed for eighteen months.

* A unit is 100 cubic feet of natural gas. On the Vectren bill, the amount used per month is labeled CCF under “gas meter information”.

Vectren Source is currently offering individual 18 month contracts at 62.574 cents ($.62574) per unit.

Each individual customer is unique and should do a thorough study before making a decision that will be in effect for eighteen months.

The wholesale market price of gas for March is predicted to be around 54 cents per unit which converts to an expected retail price of an estimated 64 cents.

In a cold winter like the present one a 150 unit (CCF) at 64 cents results in a gas bill of $96 plus delivery charge. The bill decreases to $79 plus delivery charge under the proposed aggregation price..

Paul Hunter