Sometimes there’s power in numbers — like buying power — and that’s been the basis for the success of NOPEC since it opened for business back in 2000.
Irrespective of political opinions on the de-regulation of the power and gas industries in the late 1990’s, one thing is undeniable, it created an opportunity for organizations like NOPEC to enter the market on behalf of their members to shop around and negotiate better prices over the long term for their customers.
For 13 years NOPEC has used bulk-buying techniques to reduce energy costs to their member communities (Kent included) and they report saving their customers more than $195 million by pursuing the best deals they can find for electric and natural gas rates. That’s big money and it’s not surprising since NOPEC is the largest governmental aggregator in the nation with 174 member communities covering 10 counties in northeast Ohio.
There’s logic in the math — more customers buying together means better pricing — and the Kent City staff routinely track price trends with the open market and over time the savings for Kent residents has proven significant.
NOPEC also took the lead on promoting and incentivizing energy efficiency investments and the City of Kent jumped into energy efficiency with both feet, saving tens of thousands of dollars annually from the City utility budget. In recognition of our work,
NOPEC awarded the City a check for $260,000 resulting from energy savings last year that we used to pay for the investments it took to upgrade our lighting, motors, etc., to achieve those savings.
NOPEC sent word around last week of another type of savings that comes from having a long term rate contract with the power providers. It turns out that the polar vortex was costly on the grid and the power suppliers announced that they will soon be charging about 2 million of their customers in our region a one-time fee ranging be
City of Kent Public Service Director honored by NOPEC for Energy Efficiency Upgrades.
tween $5 – $15 to cover their extra power supply costs resulting from the nasty weather.
Kent residents will not have to pay that fee thanks to NOPEC’s deals with the power suppliers.
Maybe $5-$15 isn’t all that much in the context of a family budget but every dollar helps and it’s nice to know that NOPEC is out there working to save Kent residents as many dollars as possible.