Electric Aggregation Consortium Agrees on 46% Reduction from Current Rates

A press release from the Northern Illinois Governmental Electric Aggregation Consortium and the Northern Illinois Governmental Electric Aggregation Consortium:

Direct Energy Offers Fixed Electricity Price to Five Communities in the Northern Illinois Governmental Electric Aggregation Consortium

The Direct Energy logo.

Illinois (April 30-, 2012) – As part of its agreement with the Northern Illinois Governmental Electric Aggregation Consortium (NIGEAC), Direct Energy has set a new fixed rate for electricity customers in the cities of Genoa and Woodstock and the villages of Huntley, Lakewood and Ringwood.

For the August 2012 through July 2013 billing cycles, customers in the cities of Genoa and Woodstock and the villages of Huntley, Lakewood and Ringwood will pay $0.04169 per kWh for electricity supply (exclusive of utility distribution charges and taxes).

The current ComEd rate is $0.0773 per kWh. Please be advised that ComEd’s rates may change over time. [These delivery charges are the ones that State Reps. Jack Franks and Mike Tryon and State Senator Pam Althoff agreed to allow to be raised at least $3 a month.]

Northern Illinois Governmental Electric Aggregation Consortium

The NIGEAC has an agreement with Direct Energy for an electricity Opt-Out Aggregation Program, a program that is available to residential and small business consumers currently served by the local utility in Genoa, Huntley, Lakewood, Ringwood and Woodstock.

Under the Opt-Out Aggregation agreement, residents in those communities that are currently served by the utility are automatically included in the Opt-Out Aggregation pricing plan unless they contact Direct Energy to be excluded.

Direct Energy will be sending all residents of the five NIGEAC communities an opt-out letter in the coming weeks that will give them the option of starting service with Direct Energy or opting out of the program to stay with ComEd. The letters will explain how residents can opt-out of the program, if they so choose to do so.

“We are pleased that residents and small businesses in these communities represented by the NIGEAC will have the option of purchasing electricity through this agreement,” said Anna Moeller, Official Coordinator for NIGEAC and Executive Director of the McHenry County Council of Governments.

The NIGEAC is an intergovernmental consortium of five northern Illinois communities including the cities of Woodstock and Genoa and the villages of Huntley, Lakewood and Ringwood. It was created to coordinate the electricity aggregation process for these communities in order to achieve administrative costs savings and possibly more competitive electricity rates through the combined purchasing power of the five communities.

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About Direct Energy

Direct Energy is one of North America’s largest energy and energy-related services providers with more than 6 million residential and commercial customer relationships. Direct Energy provides customers with choice and support in managing their energy costs through a portfolio of innovative products and services. A subsidiary of Centrica plc (LSE:CNA), one of the world’s leading integrated energy companies, Direct Energy operates in 46 U.S. states plus the District of Columbia and 10 provinces in Canada.


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