The Village of Fox Lake’s aggregation program succeeded in enabling ratepayers to save money (versus the ComEd default rate) during its first two years. The average participating ratepayer has saved $271 to date since the March 2013 inception.
The current electric aggregation program is serviced by Dynegy Energy at a fixed rate of 6.81¢ per kWh through March 2017.
Since the Village last renewed pricing for its aggregation program (2014), pricing of all commodities has seen an unprecedented drop. For instance, the price of gasoline a year and a half ago ($4.50/gallon) has been cut in half. Similarly, electricity pricing has seen a significant drop over the last year.
As such, the recently released ComEd base rate of 6.275¢ per kWh through May 2017 will be lower than the Village’s current electric aggregation program fixed rate of 6.81¢. Be aware that the ComEd rate can change each month due to the floating PEA adjustment, so the ComEd rate can range from 5.695¢ to 6.815¢ per kWh during the next year.
Residents would be better served by switching back to ComEd for the duration of the Village’s program (March 2017). The Village aggregation program has no early termination fee, so any resident wanting to move to the lower ComEd rate may do so with no penalty by calling the Village’s current supplier, Dynegy, at 1-844-351-7691. (Neither the Village nor ComEd can switch your account, only Dynegy.) Residents should have their ComEd account number on hand when they call.
For more rate information, or to compare offers from various suppliers, visit www.PlugInIllinois.org.
Any ratepayer moving to ComEd may return to the Village’s program with Dynegy (after a six-month hold period), should ComEd’s rates rise again. Residents with any questions may call 800-727-3820 and leave their callback number with NIMEC, the Village’s consultant. A NIMEC consultant will return your call within 24 hours.