*For questions specific to electric billing or service outages, please contact ComEd at 800-334-7661.*
What is municipal aggregation of electricity?
First, it’s important to understand the two main components to electricity: supply and distribution.
• The supply of electricity is generated at the power plant; electricity can be supplied by ComEd or any number of other companies.
• Electricity is then transmitted and distributed to homes and businesses through ComEd's infrastructure and power lines.
• BOTH components will appear on a single bill from ComEd, regardless of the chosen supplier.
An electricity aggregation program allows municipalities to pool residential and small commercial retail customers together for the joint purchase of electricity. If the market is favorable, communities may be able to leverage the buying power of thousands of residents and small businesses in an effort to obtain a lower price for the supply component of electricity.
What is the Village's program?
Since authorized by referendum in 2012, the Village has offered an Electricity Aggregation Program to its residential and small commercial electricity customers. The program has been a cost saving alternative to ComEd for electricity supply, saving customers who have been enrolled for the duration of the program an average of over $225 versus the ComEd supply rate. The Village’s current program offers a low fixed rate of 6.177¢ per kWh (which includes 50 percent renewable energy) with Dynegy Energy through August 2017.
The Village has renewed the program annually since 2012, and, in spring 2017, again sought competitive bids to extend the program. However, the electricity supply market and bids were not favorable. The lowest bid price the Village received was 7.34¢ per kWh, while the current ComEd rate is 7.065¢ per kWh. Therefore, the Village will suspend the aggregation program after August to allow residents and businesses to benefit from the lower ComEd rate.
Those currently enrolled in the Village's program will continue with Dynegy Energy through the August 2017 meter readings, at which time all program participants will be switched to the ComEd electricity supply rate. This change will be reflected on ComEd bills received in September. Participants will also receive a "Confirmation of Drop" notice from ComEd in late July or early August indicating the impending switch to ComEd service. At that time, customers may remain with ComEd or make a switch to any other electric supplier of their choice.
The Village will continue to actively monitor the electricity supply market on behalf of residents and businesses. If savings can be achieved in the future, the Village may reactivate the program. If this occurs, residents and businesses will be notified. If you have any questions, call Deputy Village Manager Dan O'Malley at 847-781-2602.
Do I have to use ComEd for electricity supply?
Electricity customers still have a choice of energy suppliers. Those interested in choosing an alternative to ComEd are encouraged to visit the Illinois Commerce Commission website at www.pluginillinois.org to learn more about electricity supply and to compare current rates.
To file a complaint against dishonest retail electricity supplier solicitations, contact the Illinois Commerce Commission's (ICC) Consumer Services Division complaint line at 800-524-0795. Customers may also file a complaint online by visiting www.icc.illinois.gov/consumer/complaint.
Questions? Here's who to call.
Dynegy Energy is the current supplier for those enrolled in the Electric Aggregation Program through August 2017. Fifty percent of the energy is "green power" (sourced from a renewable energy generator such as wind or solar installations).
Should you have any questions on this or any other aggregation-related matter through August 2017, contact Dynegy Energy at 844-351-7691, Monday through Friday from 8 a.m. to 7 p.m., or visit their website at www.dynegy.com.
For more information about municipal electricity aggregation, contact:
Deputy Village Manager