Politics & Government
A Win-Win Situation: Motion to Approve Electric Aggregation Group Passes
The Village Board approved the Will Electric Aggregation Group Agreement. Find out what that means for you.
Saving every penny is crucial in today's economy. With the recently passed motion of the Will Electric Aggregation Group agreement by the Village Board, Frankfort residents and small business owners should save more money than just some spare change.
The Will Electric Aggregation Group, the consortium of Will County communities, agreed to purchase bulk electricity from First Energy at a rate of .0483 cents per kilowatt hour. First Energy will replace ComEd as Frankfort's supplier of energy starting this fall, and the switch could save residents anywhere from 25 to 30 percent on electricity, according to Mayor Jim Holland.
"The savings are going to be substantial," Holland said. "The only real other particular in this, is that it's a two year agreement."
Find out what's happening in Frankfortfor free with the latest updates from Patch.
However, during the two-year agreement, residents are able to opt out at any point of the program. If residents do not want to be a part of First Energy's program, they can simply tell ComEd not to take them off their current plan when they recieve a notification of this change within the next couple of months.
"Or if six months from now they don't like it, they can opt out," Holland said. "Another nice feature is that the program is 100% renewable energy."
Find out what's happening in Frankfortfor free with the latest updates from Patch.
Residents with providers other than ComEd will already be deemed to be opting out of the program, and will not receive a notification of the change from ComEd. However, if those residents were to leave their current providers, they would be absorbed into the new First Energy program.
The agreement also includes a provision that First Energy would match any decreases in ComEd's rates during the length of this program.
Throughout the changeover, the Village plans to keep residents and small business owners informed with updates.
LEARN MORE .
Will you opt out of Electricity Aggregation? Tell us in the comment box below.
Two Ways to Stay Connected to Frankfort Patch:
- Subscribe to our newsletters to have headlines and breaking news delivered to your inbox.
- "Like" our Facebook page for updates throughout the day.
Pick the Best of the Best in Frankfort With Our Readers' Choice Awards:
