Electric Aggregation Information
April 18, 2014 Update
Through February 2014, Skokie residents and small businesses have saved $5.8 million compared to ComEd rates.
For the third and final year of the Village’s contract (June 2014 through May 2015 billing cycles), the Village has secured an electricity supply rate of 6.688 cents per kilowatt hour (“kWh”). ComEd’s expected total supply rate for the same period will be 7.6 cents per kWh. The Village’s rate reflects a regional 34% increase over the current rate of 4.99 cents/kWh, but still results in a more than 10% savings when compared to ComEd’s new rates. This increase is due to a 300% increase in the “capacity” portion of supply that is outside of the Consortium’s or ComEd’s control. An additional increase is expected in January 2015, that reflects a pass-through cost for all residents in ComEd’s service territory and is not related to the Village’s aggregation program.
For more information please see the links below: