Electric Aggregation Program
July 2015 Update
The residential aggregation program has been in place since August 2012 through the final meter reads in August 2014. Since then, there has been a convergence of ComEd rates to open market rates whereas ComEd rates have been equal – and in some cases better – than what could be found in the open market. Very recently, there has been a dip in open market rates and the Village of Round Lake Beach, through its consultant NIMEC, received multiple “indicative” bids from a variety of suppliers. Although the open market pricing has indeed fallen from a few months ago, it hasn’t fallen quite enough to make a residential opt-in program worthwhile.
We are continually monitoring market rate changes along with any legislation that could potentially impact ComEd pricing. The Village will work with NIMEC in the case that open market rates happen to drop to more appealing levels.
June 2014 Update - Village Electric Aggregation Program Suspended
Residents should beware of door-to-door solicitors, direct callers or direct mail pieces regarding electric supply and are advised to review contract terms to understand any floating rates or early termination fees. It is recommended that ratepayers never release their account number to a solicitor unless they have decided to move to that supplier.
The Illinois Commerce Commission has established a resource for residents to learn more about supplier choice: Pluginillinois.org. Residents with questions about the current contract may call the Village’s consultant, NIMEC at 800-727-3820. (When calling NIMEC, please leave your call back number and you will be contacted within 24 hours.)