Cincinnati officials estimate they'll be able to save eligible residents about $163 a year for natural gas with a new aggregation program.
The city announced Friday it's negotiating a contract with Duke Energy Retail Services to provide service to about 64,000 eligible residents and small businesses.
Customers will be getting a packet of information in the mail soon about the plan. Eligible residents are automatically enrolled in the program unless they notify the city they don't want to participate.
“As energy costs continue to rise for all of us, I’m pleased that the City can help put $300 back into the pockets of our residents with these two programs,” said City Manager Milton Dohoney, Jr. “Every bit helps.”
The city awarded a similar aggregation contract to First Energy Solutions in the spring for electricity. That's expected to save eligible households about $137 a year on their electric bills.
The natural gas aggregation rates should be in place by November.