Village of Orland Park Chooses
Illinois Based Electrical Aggregation Company
Village Residents Could See More
Than 40% Savings by Summer’s End
During the Tuesday, March 20th Presidential
Primary Election, Village of Orland Park voters approved the electrical
aggregation referendum by more than 65%, giving the village permission to seek
lower electricity supply rates for its residents and small businesses through an
opt-out electricity aggregation program.
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The village’s electrical aggregation consultant, David
Hoover, founder and executive director of the Northern Illinois Municipal
Electrical Collaborative (NIMEC), addressed the board on May 7th,
explaining what each of the six bidders had offered for
“Just this afternoon, we learned the new ComEd rate will
increase as of June 1 from 7.73 to 8.5 cents per kilowatt hour,”
Addressing McLaughlin and the village trustees,
Six companies submitted bids for the
FirstEnergy’s rate was 4.79 cents per kilowatt hour
versus Nordic Energy’s being 4.82 cents per kilowatt hour. A majority of the
Village Board voted that the advantage of using an Illinois-based company offset
the three-hundredths of a cent per kwh difference, or about $5.00 per year per
household. The typical household savings will be over $300 per
year.
“I’m happy that we’ll be partnering with an
“Village residents, as a whole, should save about $9
million dollars through this program. That’s money that will remain in Orland
Park,”
Nordic’s two-year contract rate is 4.82 cents per
kilowatt hour. The cost to procure 25% of the energy from renewable sources is
nominal, adding 0.03 cents per kilowatt hour to the cost of
energy.
A January 1, 2010 state law allowed municipalities to
aggregate and transfer their residents’ and small commercial retail customers’
electric accounts to alternative electric suppliers. Electrical power would be
produced by a company other than ComEd with ComEd continuing to supply
electricity to residents over ComEd’s electricity grid. ComEd customers who are
part of the group purchasing will continue to be billed by ComEd and will
continue to contact ComEd with service needs.
Village residents will receive a letter from the village
in late May that will include information about the village’s chosen supplier.
Details on how to opt out of the program will also be included for those who
choose not to participate. Residents will have two opportunities to opt out of
the money saving program. And, those who have already signed on with other
electric service companies will be able to opt into the village’s program with
Nordic.
“We’re looking forward to residents starting to see the
savings on the supply portion of their electric bills later this summer,”
McLaughlin said. “Their bills will continue to come from ComEd and Nordic Energy
Services will be listed as the supplier on the bill,” he
said.
Nordic Energy Services, LLC is an
independently owned, Oakbrook Terrace-based, Alternative Retail Electric
Supplier (ARES) and Alternative Gas Supplier (AGS) licensed by the Illinois
Commerce Commission (ICC) and is also licensed in
MARGIE
OWENS-KLOTZ
Communications
Manager
(TX)
708/403-6277
(FAX)
708/403-6153