Lakewood Residents and Small Businesses to Receive Reduced Electric Rates

As a member community of NOPEC, City of Lakewood residents and small businesses will receive temporary discounts on their electric rates, starting in February 2018.  As part of a customer giveback program, NOPEC will be giving its electric customers a reduced rate on the generation portion of their electric bills from February through May 2018.  On average, residential customers will receive about an $18 discount and small business accounts will receive a $39 discount over the program period.

Customers who qualify to receive the discounted electric rate will receive a post card in the mail in mid-March to notify them of the discounted pricing program. NOPEC will also create awareness of this program via a three-week media campaign in mid-March when customers will be receiving their electric bills reflecting the price reduction. There is no action a customer needs to take to receive NOPEC’s giveback discount.

NOPEC’s giveback program:

• Will lower rates for customers for 4 billing cycles (February through May)
• Gives back about $18 per residential account over that period
• Gives back about $39 per small business account over that period
• Equals about a 3% overall reduction to the generation portion of their bill

The Northeast Ohio Public Energy Council (NOPEC) is a non-profit aggregation of over 200 member communities in 13 counties across Northeast Ohio. Formed in 2000 as a council of governments, NOPEC uses bulk buying to bring discounted electricity and natural gas to residents and businesses in its member communities.  NOPEC currently represents customers in Cuyahoga, Lake, Ashtabula, Lorain, Huron, Summit, Medina, Portage, Trumbull, Columbiana, Mahoning, Seneca and Geauga counties.  NOPEC is the largest such public energy aggregation in the United States.

To see the full announcement from NOPEC, click here.