Village to Utilize ComEd After a thorough review of market pricing, the Village has determined that it is in the best interest of residents to return our municipal aggregation program accounts to the ComEd default rate starting in May. The new pricing will be reflected on your June bill. Market electricity rates have trended upward and program savings against the ComEd default rate have narrowed over the past year. To be clear, the Village’s municipal aggregation electrical program remains intact. The Village is merely electing ComEd to be our electricity supplier for the near term. The Village will continue to evaluate pricing from alternative suppliers over the next 30-45 days. If competitive pricing can be found prior to mid-June, the Village will have the option of considering switching residents to the alternative supplier. As part of the transition, ComEd will send a letter in early May advising residents that their accounts will revert to the ComEd default rate. Residents will continue to have the option of selecting another supplier for up to two billing cycles, just like they were able to do under the program. However, residents that remain on the ComEd default rate for more than two billing cycles will be required to remain with ComEd for an additional 10 billing cycles (for a total of 12 months). Residents can view a list of available alternative provider offers on the Citizens Utility Board website.
Posted on: Mon, 05 May 2014 19:00:33 +0000
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