Duke to let customers pick supplier

A unanimous settlement agreement negotiated in Duke Energy Ohio’s Electric Security Plan rate case is expected to let customers save on their electric bills by actively shopping and choosing their electric supplier.

If approved by the Public Utilities Commission of Ohio, the agreement would result in multiple competitive auctions to set the price for electric generation service from January 2012 to May 2015.

Those who worked out the agreement Monday included PUCO staff, the Office of the Ohio Consumers’ Counsel, Duke Energy Ohio, Ohio Partners for Affordable Energy, the city of Cincinnati and 20 other entities.

Involved parties have until today to file testimony in support of the agreement and PUCO staffers have until Friday, according to PUCO spokesman Matt Butler.

On Nov. 4, all the parties will meet in Columbus to sum up the case and discuss the agreement’s stipulations.

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