Village's Aggregation Program Expected to Save Residents, Small Businesses 40 Percent
The Village of Glen Ellyn's aggregation program is expected to take effect in February 2013.
Residents should be receiving a notice this week detailing the Village of Glen Ellyn’s plans to provide energy through supplier Verde Energy USA. After residents voted to allow the village to pursue electric aggregation, the village put out a request for bids from energy suppliers, awarding a contract to Verde Energy. Through its agreement with Verde, the village secured a rate of 4.981 cents per kilowatt hour, compared with the ComEd residential rate of 8.319 cents, providing residents and small businesses with about 40 percent savings, according to the village. The rate is expected to go into effect in February 2013, the village said. The rate will be guaranteed for 18 months. Residents do not need to do anything to receive the new rate…
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Dan Smith, Jr.
12:29 pm on Wednesday, December 5, 2012
Glad for the reduction, which would be expected no matter who they chose. Disappointed the Village moved up their bid/selection time table from what was communicated prior to the election. It looks like NIMEC, the energy consultant recommended moving much more quickly after the referendum passed. This doesn't surprise me since they receive a cut of the energy used by residents and it is in their … more ›