Monday, September 16, 2013 at 4:42 PM
Northeast Ohio's energy aggregator NOPEC says it's signed on to a deal that should bring lower home heating prices to dozens of Northeast Ohio communities beginning next year. As Ideastream's Michelle Kanu reports, it means gas customers in the region will begin to benefit from Ohio's drilling boom.
NOPEC - short for Northeast Ohio Public Energy Council - is a group that negotiates better energy prices for consumers and then sells that energy to utility companies like Dominion East Ohio and Columbia Gas.
Most of the gas they buy usually comes from suppliers who get it from Louisiana or other states.
Now, thanks to the shale gas drilling boom around Ohio, NOPEC plans to buy from a supplier that’s getting the gas locally.
Chuck Keiper is NOPEC’s Executive Director. He says the new contract that he’s negotiated with supplier NextEra Energy Services will mean 270 thousand customers in greater Cleveland will save money on each unit of natural gas they use.
Keiper: “We believe that our pricing will be 35 to 50 cents better per mcf than it has been able to be using out of state resources.”
Buying the gas locally cuts down on pipeline and other transportation costs Keiper says, and consumer savings could double when more natural gas wells are fully in production mode.
Keiper says NOPEC customers will start seeing a savings on their energy bills next year.
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