North Aurora Electric Aggregation Program Update
The Village’s electricity aggregation program was recently renewed for the period of October 2018-October 2019. At the time the decision was made to continue the aggregation program at a fixed rate of 7.72 cents/kWh, the Village was comparing that fixed rate to ComEd’s estimated comparable rate of 7.76 cents/kWh for the same time period. The ComEd rate to compare was based on a blended rate of the Illinois Commerce Commission’s published ComEd rate for the period of October 2018 through May 2019 (7.941 cents/kWh) and an estimated rate for June 2019 through September 2019 based on this year’s summer ComEd rate (7.395 cents/kWh).
The Village has since been informed that the current ComEd rate was recently reset BELOW our aggregation program rate to 7.29¢ for October 2018 through May 2019. ComEd’s rate was unexpectedly lowered due a settlement between the Illinois Commerce Commission and the Federal Regulatory Commission regarding electricity transmission costs.
Due to ComEd’s reduced rate of 7.29¢ the Village of North Aurora recommends that residents consider switching their account back to ComEd to realize this more favorable pricing. As the Village has negotiated a fixed rate for a one year contract with Dynegy, the Village’s rate can not change to reflect the reduced rate.
Residents are encouraged to return to the lower ComEd rate of 7.29¢, with no early termination fee. To do so, please call Dynegy Energy at 844-351-7691.
For any questions or concerns, please contact Bill Hannah, Finance Director at 630-897-8228, ext. 225.