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Following the passage of a voter referendum by majority vote in March 2012, the Village of Schiller Park contracted with an alternate retail supplier to procure lower-cost electricity supply for resident and small commercial retail accounts. The program brought substantial savings vs. the default ComEd rate, to all residents and small businesses that participated in the program.
The Village renewed the program in subsequent years and this Spring, again sought competitive bids to extend the program at the expiration of the current term in September. The bids were not favorable, so the Village chose to suspend the program for a year.
The lowest bid price was 7.19¢ per kWh, just above the average expected ComEd rate of 7.122¢ per kWh for the period September 2017 to May 2018.
Residents enrolled in the Village’s current aggregation program will continue to enjoy the low fixed rate of 6.39¢ per through its expiration at September 2017 meter readings. At that time, those ratepayers will be switched to the default ComEd supply service rate, which will be reflected on ComEd bills received in October.
Ratepayers currently enrolled in the Village’s program will receive a “Confirmation of Drop” notice from ComEd in August, informing them of the impending September switch.
It is anticipated that with the suspension of the Village’s program residents may receive increased solicitations from electric supplier companies. When considering any solicitations, residents are advised to avoid any monthly fees (that may be added to a fixed supply rate), early termination fees, and variable rates, which may float with no upward cap.
Never provide your ComEd account number to a solicitor unless you have contacted them directly to enroll and you have reviewed all terms and conditions. Avoid “deadlines” associated with signing up for a program. No solicitor is associated with a Village program. If someone claims to be, please take their information and file a report with the ICC at http://www.icc.illinois.gov/consumer/complaint. For more information about electric rates, visit www.PlugInIllinois.org.
The Village will again receive 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 with a letter from Village Hall.