Monday, March 1 was the deadline for the city to execute a new contract for its natural gas aggregation program. Despite the volatility in the natural gas market due to the extreme weather in late February, the city was able to execute an impressive fixed-rate option. The new fixed rate of $0.429 per ccf will begin with the May 2021 meter reading; the June Vectren bill will reflect the new rate.Volunteer Energy will remain the supplier of choice for the program for the next 24 months.
So what does that mean for local residents In April, residents enrolled in the city's current program or eligible to enroll in the program will receive a notice from Volunteer Energy informing them of the new rate and term and how to opt out of the program if they wish to find a different supplier. These notices are required by law.
For those residents wishing to remain in the city's aggregation program, they may simply ignore the letter. By not returning the letter, residents will automatically be a part of the city's aggregation program.
Residents wishing to leave the city's natural gas aggregation program should return the opt out card as directed in the mailing.
If you remain a member of the city aggregate pool, you will continue to receive one bill from Vectren and will contact Vectren for any service issues. The Volunteer Energy charge will simply be a line item on the bill. Residents may enroll in and/or leave the city's aggregation program at any time. There are no early termination fees or penalties associated with the city's program.
If a resident is presently under contract with another natural gas supplier and would like to make the switch to the Sidney aggregation program, they should be sure to read the terms and conditions of the current contract to determine if there are any applicable early termination fees or other penalties.
Residents with questions about enrolling in or leaving the city's program should contact Volunteer Energy at 800.977.8374.