A press release from the Village of Lakewood:
NIGEAC ELECTRIC AGGREGATION PROGRAM SELECTS NEW SUPPLIER FOR THE NEXT PROGRAM BEGINNING THIS SUMMER
McHenry County, IL (April, 2015 – Officials of the Northern Illinois Governmental Electric Aggregation Consortium (NIGEAC), are pleased to report that they have completed negotiations and selected Constellation New Energy (“Constellation”) as the group’s electric supplier for the next term.
NIGEAC communities include
Constellation will begin supplying the group with electricity flowing in July 2015 (August billing). Residents and small businesses in the current program have collectively saved approximately $8 million in the first 2 1⁄2 years of the program.
The NIGEAC recently completed an exhaustive bidding process and chose Constellation to serve the Program at a fixed rate of 6.89 cents/kWh for a 2-year term.
Constellation will replace the program’s current supplier, Direct Energy. Chalen Daigle, Official Coordinator for the group said, “We are pleased to have negotiated a rate that’s lower than the current rate.”
Daigle added, “Our offer with Constellation also includes an option to be supplied by 100% renewable energy Current participants and newly eligible residents and small businesses should expect to see Opt-Out letters from Constellation on or around April 25.
The letters will arrive in clearly marked envelopes mentioning the Aggregation Program on the outside and will include the respective community logo. Newly eligible customers are those who receive their generation supply from ComEd, or in other words, those who have not chosen a supplier on their own. Be on the lookout for your letter and please read it carefully, it will explain the rate and terms and conditions.
If you wish to remain in the program or be added to it, simply do nothing.
If you do not want to participate, follow the instructions for opting-out within the 21-day period.
A similar letter will be sent to residents in the six communities who are not eligible for automatic aggregation. These residents will be allowed to receive the same low rate, terms and conditions but will need to contact Constellation to enroll. Once again, all of this will be explained in the letters expected to arrive on or around April 25.
The NIGEAC and individual community leaders stress that residents need to wait for those letters to arrive. Do not contact Constellation as they will not be ready to accept enrollments until after the letters are mailed.
Likewise, please do not contact your community officials as they are not staffed to handle large volumes of calls.
The letters you receive from Constellation will provide all the information you need to make an informed decision and will include a list of Frequently Asked Under Illinois law, communities are able to form aggregated buying groups to purchase electricity on behalf of their citizens. The governmental aggregator chooses an alternate supplier for all of the members in its group.
Customers may opt out of the aggregation program and shop for a supplier or accept the standard rate offered by ComEd.
ComEd will continue to deliver the electricity, read meters, send monthly billing statements and maintain service for residents and small businesses.