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Updated: Saturday, 24 Dec 2011, 11:27 PM EST
Published : Saturday, 24 Dec 2011, 11:14 PM EST
NEW PARIS, Ohio (WDTN) - New Paris residents gathered on Christmas eve to hear the details of a new proposal that will keep village leaders from flipping the switch on street lights for good.
Dayton Power and Light is the current service provider for the village; however, due to cuts in local government funding from the state, the village can no longer afford the rate.
DPL Energy is now stepping in with a solution. The company is offering to waive the cost to light the streets of New Paris, which costs the village $17,000 annually, and bundle it with a new, lower rate for residential and small commercial customers.
The proposal is based on a three year fixed rate of .06560/kWh with DPL Energy for all residential and commercial customers with an annual usage under 700,000 kWh. The current price customers are paying with DP&L is .0975/kWh.
According to DPL Energy officials, this rate is a savings of over 30%. It will save the average residential customer approximately $285 a year on their electric bill. It is also projected to save village residents over a three year period approximately $365,000.
"It doesn't get any better than this," said Neil Hoffman, Mayor of New Paris. "It would be silly for us not to accept this."
Village leaders will have a second hearing on this proposal Wednesday, followed by two additional public hearings in January.
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