On Wednesday, May 16th, the Village signed a contract with FirstEnergy Solutions of Ohio (FES) which awarded the Village's electrical aggregation bid to FES. Under this contract, FES will provide power to all residences and small businesses participating in the program at a rate 4.4 cents per kilowatt hour for a twelve month period beginning this summer. This rate is approximately 48.2% lower than Commonwealth Edison's (ComEd's) projected rate of 8.5 cents per kilowatt hour, which will take effect on June 1st, 2012. The Village estimates that a typical Gurnee household can expect to save roughly $440 per year on their electrical bill by participating in the electrical aggregation program. Below are some common questions regarding the electrical aggregation program:
1. What should I do if I want to participate in the aggregation program?
Most current residents will be automatically included in the program and will not need to take any action to join. However, if you meet any of the following criteria, you will not be automatically included and may either need to take further action as outlined in question two:
- If you choose to opt out of the program at any time.
- If you have a pre-existing contract with another supplier (besides ComEd).
- If you are a small business customer and consume more than 15,000 kilowatt hours per year.
- If you live outside of the Village.
Certain customers may also be excluded including basic electric hourly pricing and retail delivery service customers. Space heat customers will be automatically included.
2. I do not meet one of those criteria. What are my options?
If you opt-out of aggregation, you will be able to rejoin at any time with no penalty. Customers with pre-existing contracts are able to opt-in at any time once their contract expires or is terminated with no penalty by contacting FES at 1-866-636-3749. Small business customers consuming more than 15,000 kilowatt hours per year and unincorporated customers will not be able to join and are encouraged to seek out competitive bids from one of the 25 supplies currently licensed to sell power in Illinois.
3. I do not wish to participate in the program. How do I opt-out?
You can opt-out of the program by returning a short form found in the official program notice at this link: http://www.gurnee.il.us/node/98292 . If you intend to opt-out, please return the bottom portion of that form to FES no later than Friday, June 29th. If you join the program and later decide to opt-out prior to the end of the Village's contract, FES will charge an early termination fee of $25 for a resident and $50 for a small business.
4. Can I purchase electricity from renewal sources under this contract?
Yes. On the notice, you will see a hyperlink to the FES website where you can enroll to purchase energy from 100% renewable sources through the aggregation program. Please note that you be charged 4.49 cents per kilowatt hour for renewable energy (an increase of .09 cents per kilowatt hour from the regular program price).
5. Is the FES rate guaranteed?
Yes. The FES rate is guaranteed through the duration of the contract. If, for some reason, ComEd's regular rate should drop below the contracted rate, FES has agreed to either match that rate or switch all customers back to ComEd with no penalty.
6. Does this impact my relationship with ComEd?
No. ComEd will still operate the electrical grid, meaning that you will still bill you (on FirstEnergy's behalf and for their transmission costs) and that you will still need to contact them in case of an outage.
For any further questions, please contact Village Hall at (847) 599-7500.