DAYTON — Dayton Power & Light Company, a subsidiary of The AES Corporation, last week announced it has decreased the price by 4.5 percent for residential customers who receive their power supply from the utility.
This month, a typical residential customer using 1,000 kilowatt-hours of electricity monthly will pay $4.47 less than in prior months. DP&L’s residential rates are the lowest in Ohio and this reduction provides even greater savings, representing an average of $54 on their annual electric bill.
“DP&L customers can always depend on the delivery of safe and reliable service they expect from their local utility,” said AES United States Strategic Business Unit President Lisa Krueger. “As energy usage demands increase with the summer heat, and with families continuing to spend more time than usual at home due to the coronavirus pandemic, we are pleased to help our customers save on electric bills.”
DP&L participates in a competitive auction process overseen by the Public Utilities Commission of Ohio (PUCO) to acquire the electricity needed to serve their non-shopping customers. As a result of a series of competitive bids in a recent auction, DP&L residential customers will benefit by paying less on their electric bill. The remaining customers receive their electricity from third-party energy supplier, and their bill will not reflect the decrease secured by DP&L.