NOPEC: Making Heads or Tails of Recent Events & What It Means to You

Let us guess. You’ve recently heard about the FirstEnergy Solutions (FES) and Northeast Ohio Public Energy Council (NOPEC) breakup and still have no idea what it means. Don’t worry; you’re definitely not alone. There are quite a few telemarketers & door knockers spreading false information and fear by claiming NOPEC customers must “act now.” We’re here to tell you: don’t be fooled, keep calm, and know the facts.

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So here’s what we know today. FES terminated its supply contract with NOPEC, effective December 31, 2016. On the heels of this termination, NOPEC has executed a 3-year agreement with NextEra Energy Services Ohio to supply power to 500,000 Northeast Ohio consumers & small businesses, effective January 1, 2017. For the first eight months (January – August), prices will be set at rates approximately 6% lower than utility regulated pricing set by the Illuminating Company and Ohio Edison.

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NOPEC customers will receive opt-out notices for service under this new program with NextEra in the next few weeks. If a NOPEC customer does not opt-out, they will be automatically included in the program.

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As a NOPEC customer, you can do one of two things:

1. Opt-Out - Wait to receive your opt-out notice from NOPEC and return it as instructed by the due date. By opting out, you can select your own power supplier or go back to the utility’s Standard Service Offer (SSO).

2. Do Nothing - Take no action and remain in NOPEC’s program.

If you have accounts enrolled with NOPEC and want an honest review of your options, NSE is happy to help. Just give us a call or send us an email.

North Shore Energy Unveils Exciting New Website

North Shore Energy Consulting, LLC has unveiled a new and improved website. A website that showcases the kind of company they strive to be every day: innovative, professional & unique. Check out the full website at www.northshoreenergy.com.

(Market) Timing is Everything - YouTube Video

Click here to watch a short video on market timing. As they say, "timing is everything." Truer words couldn't be said with regards to energy markets... Check it out!

Industry Veteran Joins North Shore Energy

Jennifer Gress Simpson will serve as Vice President, Communications & Development for North Shore Energy. Click here to view the press release on Energy Choice Matters.

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May 2, 2016

Chagrin Falls, OH – North Shore Energy (NSE) announced today that Jennifer Gress Simpson has joined the company to lead NSE’s corporate communications and to develop new, innovative programs that drive revenue for its Partners. She brings over 15 years of energy industry expertise to NSE.

“Jennifer’s proven ability to identify and communicate complex energy buying strategies in simple terms will be critical to our future growth.  Our clients want more than the simple price comparison service many brokers offer; our clients want help managing their overall energy spend year over year,” said NSE President Chris Greulich.  “In addition, she will officially launch NSE’s innovative Partner in Energy (PIE) Program, which has proven to be a tremendous success for its members during our 18-month pilot testing phase. Feedback from PIE members has been consistent: the use of the Program has helped them win more business, driven down costs, and removed the tedious hassle of back office duties.”

Jennifer began her career at The Williams Companies in Tulsa, Oklahoma where she advanced through many positions including Mergers & Acquisitions, Midstream Gas & Liquids, and the 24/7 Real-Time Power Trading & Dispatch Desk. In 2007, she joined Lehman Brothers in Houston as a Senior Real-Time Power Trader. Jennifer was later recruited by Champion Energy Services to assist with their Northeast US retail electricity sales efforts. Most recently, Jennifer was Director of Sales at MP2 Energy, responsible for the growth and expansion of MP2’s presence in PJM, as well as increasing market share through a reputable channel partner network she’s developed over the years. Jennifer holds a BBA in Marketing and International Business and a BA in Spanish from The University of Oklahoma.

“Having been exposed to both sides of the electricity coin (wholesale & retail), I’ve had a rare and valuable opportunity to learn about the power industry’s diversity of supply chains and markets. Being able to draw on that experience and couple it with a passion for marketing & communications at this stage in my career is fortuitous. In joining NSE’s team of highly talented and respected professionals, we will be uniquely positioned to make a meaningful impact on the future of energy in the state of Ohio and beyond,” said Jennifer Gress Simpson.

North Shore Energy’s goal is to earn the distinction of “Trusted Advisor” with each and every one of our clients.  With over 150 years of energy experience, our team of professionals work extensively in the commercial & industrial space and provide expert representation in the energy markets for our clients.  NSE manages over 1 billion kilowatt-hours of power and over 1 million MMBtu of natural gas per year.

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Ohio Customers Losing Big on Unregulated Natural Gas Plans

"Too few customers are actively shopping. They have signed up for a contract and are letting it roll over each year with an automatic renewal."  You need to make sure your broker/consultant is actively working on your energy contract renewal well in advance. Here at NSE, we have you covered!

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Click here to read the full article by Dan Gearino on The Columbus Dispatch website.

Ohio Regulators Approve Income Guarantees for AEP Energy & FirstEnergy

Ohio energy regulators have approved proposals by AEP and FirstEnergy to guarantee income for certain power plants, accepting their arguments that the seven coal plants and one nuclear plant should be subsidized by ratepayers because the benefits outweigh the potential costs.

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Click here to read the full article by Tom Knox on the Columbus Business First website.

PUCO to Decide FirstEnergy Power Plant Subsidy Case Thursday

The Public Utilities Commission of Ohio said late Tuesday it will vote Thursday on requests from FirstEnergy and American Electric Power to have customers help subsidize continued operations of older power plants.

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Click Here to read the full article by John Funk on The Plain Dealer's website.

Belden: The PUCO Should Not Gamble With Ohio's Future

Bradley H. Belden of Belden Brick in Canton shares insights and opinion regarding the FE and AEP proposed PPAs.

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Click here to read the full article at CantonRep.com.

PUCO Accepts Results of Duke Energy Ohio's Auction

The results from this auction will be used to determine Duke’s price-to-compare for the delivery period of June 1, 2016 through May 31, 2018.  If you are a Duke Ohio utility customer, this auction, along with previous and future auction results will be combined to determine the utility default rate, aka the utility price-to-compare, through May 2018.

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Click here to read the full press release on the PUCO website.

Shale Gas Crushing Natural Gas Prices

Natural gas is the cheapest it's been in nearly two decades, and it could get even cheaper, thanks to U.S. shale drillers.

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Click here to read the full article by Patti Domm on CNBC's website.