21 Aug 2014
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Mokena Switches Electrical Supplier, Rate to Increase

Mokena's contract with Integrys ends in July, and the Village has decided to go with Homefield Energy.

Mokena Switches Electrical Supplier, Rate to Increase

Mokena residents signed up for the electrical aggregation program will see a change in their electric supplier—and an increase in their rate. 

Trustees recently decided to switch from Integrys to Homefield Energy. Starting with August bills, customers enrolled in the program will pay $0.07031/kWh for their power supply. 

ComEd’s price at that time is projected to be in the range of $0.075/kWh (perhaps higher)—an estimated savings for the average Mokena household in the range of $50 annually, or $150 over the term of the three-year contract.

Customers can still opt out of or into the aggregation with Homefield at any time during the 36-month term of the agreement without penalty—no early termination fees. 

If ComEd’s rate ever drops below Homefield’s fixed contract rate, Homefield will have the opportunity to match it. If Homefield declines, customers will be allowed to return to ComEd.

"These savings will not be nearly as large as those seen over the past 20 months," according to a release on the village website. "Starting this summer, customers can expect to pay more for their electric power supply whether they stay in the aggregation, choose another supplier on their own, or return to ComEd."

Those with more detailed questions regarding the new power supply agreement are encouraged to contact Kirk Zoellner at 708-479-3900.

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