Lucas County electric bills are up — way up — 55 percent from 6.3 cents per kilowatt hour to 9.75 cents.
The cost of electricity was below market rates for three years that ended in May thanks to a contract negotiated by the Northwest Ohio Aggregation Coalition on behalf of 125,000 consumers in 13 Greater Toledo communities that have selected NOAC to find them gas and electricity.
Electricity rates are rising fast across America. Power hungry data centers have boosted demand for electricity to the peak of existing capacity. As with any commodity in more demand than supply can easily provide, electric prices are rising to reflect the capacity constraints.
NOAC consumers were the beneficiaries of below market electric rates for the past couple years thanks to the three-year deal signed be