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by Hannah McCartney 02.08.2012
at 02:45 PM | Permalink | Comments (1)
 
 
renewable-energy

A Greener Cincinnati? Energy Aggregation Explained

The Cincinnati City Council met on Monday to discuss the energy aggregation policy for the city, which, if implemented, could mean big changes in the way residents’ homes are powered. In the meeting, Vice Mayor Roxanne Qualls introduced a motion outlining the possible use of renewable energy credits (RECs), also known as renewable energy certificates, through an energy aggregation program that could be put into place as soon as this June or July. The motion was passed unanimously by the Budget and Finance Committee, meaning that the city will be preparing to send out requests for proposal (RFPs) to power suppliers within the next few weeks. In November, Cincinnati voters overwhelmingly approved Issues 44 and 45, which gave the city the authority to negotiate aggregation purchase rates of natural gas and electricity for residents and businesses. Wondering what exactly energy aggregation is? In Ohio, communities are allowed to pool funds together and purchase natural gas and electricity as a group. Because a community pools together, that means it can access the lowest rates — think of it like a trip to Sam’s Club. The more you purchase of something at one time, the lower rate per unit you can access.

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