DAYTON, Ohio
– June 8, 2020 – Dayton Power & Light Company (DP&L), a subsidiary of
The AES Corporation (NYSE: AES), today announced it has decreased the price by 4.5%
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
continues to maintain the lowest residential rates across Ohio’s investor-owned
utilities and are among the lowest residential rates in the country. DP&L delivers electricity to more than
525,000 customers in West Central Ohio. With the deregulated
energy market in Ohio, customers can shop for their electric generation from a
third-party supplier while the utility delivers electricity to homes and
businesses and maintains the distribution architecture. 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.
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About The
Dayton Power and Light Company
The Dayton
Power and Light Company is the principal subsidiary of DPL Inc. (DPL), a
regional energy provider and an AES company. DPL’s primary subsidiaries include
The Dayton Power and Light Company, AES Ohio Generation, LLC (AES Ohio Gen),
and Miami Valley Insurance Company (MVIC).The Dayton Power and Light Company, a
regulated electric utility, provides service to over 525,000 customers in West
Central Ohio; AES Ohio Gen co-owns a merchant generation facility; and MVIC, a
captive insurance company, provides insurance services to DPL and its
subsidiaries. For more information about the company, please visit www.dplinc.com. Connect
with DP&L at www.twitter.com/dpltoday, www.linkedin.com/company/dayton-power-and-light, and at www.facebook.com/DPLToday
About
AES
The
AES Corporation (NYSE: AES) is a Fortune 500 global power company. We
provide affordable, sustainable energy to 14 countries through our diverse
portfolio of distribution businesses as well as thermal and renewable
generation facilities. Our workforce is committed to operational
excellence and meeting the world’s changing power needs. Our 2019
revenues were $10 billion and we own and manage $34 billion in total
assets. To learn more, please visit www.aes.com. Follow AES on
Twitter @TheAESCorp.
Media Contact:
Mary Ann Kabel
The Dayton Power and Light Company
Mobile: 937-608-4030
mary.kabel@aes.com