Good morning Natural Gas Community Partners,
Many of you may have received a notice from Duke Energy about upcoming changes to how they calculate natural gas bills and supply costs starting April 1. We’ve been discussing these changes for more than a year. Details can be found here: duke‑energy.com/GasSSO.
Duke is moving away from the Gas Cost Recovery (GCR) method, which offered little transparency and did not clearly reflect current market conditions. Beginning April 1, Duke will shift to a Standard Service Offer (SSO), a fully market‑based pricing method.
Does this impact the aggregation program?
No. Participants in the aggregation program pay the aggregation supply rate—not Duke’s default supply rate—so nothing changes for them.
What does change is what your aggregation rate competes against. Because Duke’s new rate will be market‑based plus an additional adder, our aggregation rate is likely to be even more competitive this year. This also opens new opportunities going forward: if we can secure a supplier with a lower “adder” than Duke’s, we can all but guarantee savings. More updates will come later this year.
In short, these changes do not affect the aggregation program or its participants. The impact is on the comparison point—Duke’s new market‑based pricing.
As always, please reach out with any questions.
Thanks,
Energy Alliances
Rich Surace
Chief Operating Officer
rsurace@energyalliances.com
8469 Blue Ash Road, Suite 101
Cincinnati, OH 45236
Direct: 513.745.1424 | Office: 513.794.5555