Electric Aggregation Program
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IMPORTANT CHANGES TO AGGREGATION PROGRAM EFFECTIVE WITH JUNE 2016 METER READ
Due to new market reforms designed to increase the reliability of the power grid, Constellation will be increasing supply rates to 7.152¢/kWh effective with the June 2016 meter read (to be first seen on July ComEd bills). This equates to an approximate $3 extra per month for the average residential customer, or about $35 to $40 extra in total over the remaining 12 months of the aggregation program.
Affected customers are advised to contact the Consortium’s aggregation consultants, Northern Illinois Municipal Electric Collaborative (NIMEC), with any questions. They can be reached at 1-800-727-3820. For more information on electric supply options, please visit the Plug In Illinois at www.pluginillinois.org.
Please note that the upcoming increase is expected to make Constellation’s rate higher than the ComEd rate as of June 2016. Customers are encouraged to review current ComEd pricing, other market pricing, and the terms of the current aggregation contract to determine what option is best for them. There will be NO early termination fees for those who wish to terminate their electricity agreement with Constellation prior to May 2017. If you would like to end your contract with Constellation, you can do so by calling 1-877-585-3431.
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What is Municipal Electrical Aggregation?
Section 1-92 of the Illinois Power Agency Act allows for the aggregation of electric load by municipalities. This means a municipality can negotiate for the purchase of the combined electric supply of its residents and eligible small businesses from a supplier other than ComEd.
Customers who switch to another supplier will see no change in their electricity delivery service from ComEd. ComEd will still deliver electricity to every home and business, no matter the choice of supplier. ComEd’s process for prioritizing restoration after service interruptions, such as storms, will remain the same.
History of the Village’s Electric Aggregation Program
In 2012, Village of Palatine voters approved a referendum authorizing the Village to engage in an electric aggregation program to provide reduced rates for eligible residents and small business customers. The Village partnered with the Villages of Arlington Heights, Buffalo Grove, Wheeling, Lincolnshire, Long Grove, and Vernon Hills to form the Northwest Consortium in order to combine our purchasing efforts and obtain better pricing.
In March 2014, the Villages of Palatine, Arlington Heights, Lincolnshire, Long Grove, Buffalo Grove, Vernon Hills, and Wheeling renewed their intergovernmental agreements and entered into a contract with Constellation Energy Services to supply electricity to the Consortium’s combined 95,000 eligible residential and small business customers between June 2014 and May 2017.
Since the inception of the program in 2012, the Consortium has saved participating residents and small business customers a cumulative total of $27.3 million. Palatine alone has experienced a community-wide savings of $7,255,877 as of April 2016, which equates to approximately $331 per household. Additionally, the Village’s decision to opt for the “green” energy choice has reduced CO2 emissions by 348,150 tons.
How You Benefit
• Receive an exclusive electricity offer of a fixed rate of 6.621¢/kWh for your June 2014 through May 2017 billing cycles.
• Receive one bill from ComEd, but with a low electricity price from Constellation.
• ComEd will continue to service all distribution lines and meters to your home, as well as respond to service issues.
• Receive 100% renewable energy (ComEd does not offer this option).
Historical Rate Comparisons – Constellation vs. ComEd