Commerce Energy of Ohio Selected as Preferred Supplier by Newton Township to Provide Relief From Rising Natural Gas Bills
April 24 2006 - 6:00AM
PR Newswire (US)
NEWTON TOWNSHIP, Ohio, April 24 /PRNewswire-FirstCall/ -- Commerce
Energy Group, Inc. (AMEX:EGR), a leading independent U.S.
electricity and natural gas marketing company, announced today that
its subsidiary, Commerce Energy of Ohio, Inc. (Commerce), has been
chosen as the preferred supplier in their Newton Township Natural
Gas Aggregation Program to offer a better deal to its residents and
businesses. Commerce is offering an 18-month contract with a fixed
rate of $9.45 per thousand cubic feet (Mcf) for the May 2006
through the October 2006 meter cycle. A new rate will be issued in
October 2006 which will remain fixed through the remainder of the
18-month program, protecting Newton residents and businesses from
volatile winter gas rates. The Dominion East Ohio (DEO) gas cost
recovery (GCR) rate for April billing is $9.716/Mcf. "Creating an
aggregation agreement with Newton Township allows us to offer the
lowest available fixed rate to their community," said Steve Boss,
CEO of Commerce Energy Group. "A guaranteed fixed rate allows
people to forecast their natural gas budget with confidence in a
time when uncertainty and volatility has been driving natural gas
prices to significant historical highs." According to Newton
Township's consultant, Tom Bellish of Buckeye Energy Brokers, "the
first year of the bulk buying program is off to a good start, with
Newton representing the second aggregation program with an Ohio
township in our effort with Commerce to help lower a substantial
portion of Ohio residents' and businesses' monthly budget - their
natural gas bill." Enrollment is free and current Commerce
customers can switch to the new program without penalty; however,
residents and businesses must enroll by May 5, 2006 to participate.
New and existing customers residing in Newton may enroll in the
program by calling 800-776-2856. Residents and businesses currently
served by other suppliers should be aware of the obligations in
their existing contracts before joining Newton's Natural Gas
Aggregation program. About Buckeye Energy Brokers, Inc. Buckeye
provides local governments with deregulated energy consulting to
achieve buying leverage, risk mitigation, budget predictability,
costs control and potential savings by aggregating residential and
commercial customers and procuring deregulated energy. As an Ohio
certified energy broker, independent of any energy supplier,
Buckeye can form buying groups creating leverage to negotiate
competitive pricing for aggregated members. As an experienced
regulatory advisor for governmental aggregation, Buckeye has the
most active Ohio natural gas contracts and has realized over $20
million in energy savings for aggregation groups. Adhering to the
highest standards of integrity, the firm is committed to delivering
economically sound energy management solutions to improve the
quality of life of our local communities. For more information
about Buckeye Energy Brokers, visit
http://www.buckeyeenergybrokers.com/. About Commerce Energy of
Ohio, Inc. Commerce Energy, Inc. doing business as Commerce Energy
of Ohio, Inc in Ohio is a wholly owned subsidiary of Commerce
Energy Group, Inc. (AMEX:EGR), a holding company doing business
through its two wholly owned operating subsidiaries, Commerce
Energy, Inc., and Skipping Stone Inc. Commerce Energy is a FERC
licensed unregulated retail marketer of natural gas and electricity
to homeowners, commercial and industrial consumers, and
institutional customers in nine states. Our Ohio Public Utility
Commission Gas Supplier License is 02-023(2). Skipping Stone is an
energy consulting firm serving utilities, pipelines, merchant
trading and technology companies. For more information, visit
http://www.commerceenergy.com/. DATASOURCE: Commerce Energy Group,
Inc. CONTACT: Frank Wanderski, Director of Marketing of Commerce
Energy Group, +1-714-481-6615, ; or Thomas M. Bellish, President of
Buckeye Energy Brokers, Inc., +1-330-730-4338, Web site:
http://www.commerceenergygroup.com/
http://www.buckeyeenergybrokers.com/
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