Municipal Electric Aggregation
In November 2014, the Village authorized a three-year contract with Constellation Energy to provide electrical supply services to eligible residential and small commercial customers in the Village. The agreement with Constellation Energy which expired in November 2017 set a rate $0.0740 (kWh) for the supply of electricity. After consultation with the Village’s electrical aggregation advisor, Northern Illinois Municipal Electric Collaborative (NIMEC), the Village determined it could not obtain rates guaranteed to be lower than the ComEd rate.
The ComEd rate from September 2017 to June 2018 will fluctuate between $0.06651 (kWh) and $0.07651 (kWh). The Village will monitor the market and may re-establish the program, should rates turn more favorable in the future. Any residents that were Constellation customers should have received a confirmation letter from ComEd notifying them of the return to ComEd supply.
It is anticipated that with the suspension of the Village’s program residents may receive more solicitations from electric companies. If residents receive a solicitation, residents are advised not to provide any of your account numbers to a solicitor. Providing these account numbers to a solicitor may result in an unwanted change in your service provider. Only provide this type of information to a solicitor if you are interested in changing your current service.
The Village anticipates receiving competitive bids in 2018 to see if savings can be achieved. If so, the Village can re-start the program at that time and all residents will be notified.