The Village of Oak Park | 123 Madison St.  Oak Park, IL 60302 | village@oak-park.us

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Electric aggregation tied to ComEd rate, supports renewable initiatives

The Village of Oak Park’s latest 12-month electricity aggregation contract ensures participants won’t pay more than the ComEd energy rate and provides support for Illinois-based regional renewable energy facilities.

The contract with MC Squared Energy Services, LLC (mc2), which will be effective with the October/November 2018 meter reads, ties the Village aggregation rate to the ComEd basic service rates, which typically change in May and October, but can vary by season.

This mc2 contract provision ensures aggregation participants will never pay more than those customers whose electricity is supplied by ComEd. In addition, the electricity supply rate includes the three-tenths of one cent per kilowatt hour fee that goes into a Village fund created in 2015 to help support renewable energy projects.

The Village Board also approved allowing mc2 to use a portion of the fee to keep the basic rate unchanged, but still purchase electricity from new regional renewable energy generating facilities that are expected to come on line in 2019.

Electricity aggregation, which was authorized by Illinois statute, allows municipalities to bundle residential and smaller business accounts, then use competitive bidding to seek lower rates from alternate suppliers. Voters gave the Village the authority to create a local aggregation program via referendum in 2011 and the first contract began Jan. 1, 2012.

Aggregation does not alter the actual delivery of electricity, which is provided by ComEd. In fact, consumers have the option of choosing from retail electric suppliers approved by the Illinois Commerce Commission. Officials urge those who elect to choose an electricity provider from the state’s list to read the fine print carefully. Contracts may contain unexpected fees and penalties to cancel.

For answers to questions about Oak Park’s Community Choice Electricity Aggregation Program, call 708.358.5778 or email sustainability@oak-park.us.