Glen Ellyn Approves 50 Percent Increase in Electric Rate

Glen Ellyn residents will see higher electric bills come this fall when a new supplier takes over.

The Glen Ellyn Village Board of Trustees approved a three-year contract with First Energy on Monday, which will mean a 50 percent increase in the energy rates when the village's current contract with Verde Energy expires on Aug. 1, according to the Chicago Tribune. 

The village of Glen Ellyn will have a rate of 7.5 cents per kilowatt hours for its municipal electric aggregation program, the Chicago Tribune reports. 

Read more on the Chicago Tribune
John Gordon June 11, 2014 at 09:16 AM
What's the true figure of increase?? We had no choice but for these people to come and hook up a monitoring system to my home?!!!! Think of what this percentage equates to!! For what???
J. Burket June 11, 2014 at 10:29 AM
www.citizensutilityboard.org/ Take a look at the current rates that are offered on this site. Every GE household is welcome to opt out and can cut their own deal. But I think you will be surprised to find that our new rate is right in line with what everyone else is paying . . . unless they are still locked in to a 2-3 year old deal. A deal that will be expiring soon. Rates have increased substantially since GE locked in its last rate. We are no different than any other town. If you are selling your house to avoid higher electricity rates, you'll be disappointed when you move elsewhere and find them to be just about the same.
Jaded Smaded June 12, 2014 at 01:59 AM
The point of being with the village was to bargain a lower rate.
J. Burket June 12, 2014 at 07:21 PM
Looks like they did. https://www.chooseenergy.com/compare/60137/electricity-rates/ Unfortunately, there are no bargains out there any longer. Two years ago, the market was white hot. Lots and lots of bidders. The power market has changed substantially since then. We are locked in lower than the ComEd rate. Should the market spike, good news. The village's citizens are hedged for three years. Should it tumble, GE can opt out village wide and go for a lower rate. Don't fall for deceiving headlines. The difference .747 to .750 per KWhour works out to less than $3.00 per household per year for the 100% green option.


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