ComEd To Return As Palatine's' Electricity Supplier In May

PALATINE, IL — Village residents and small businesses will return to ComEd as their electricity supplier this summer when the Northwest Aggregation Consortium suspends its electricity aggregation program that includes multiple communities in the area, according to a consortium member statement released Friday.

Created in 2012, the consortium pooled the resources of its member villages — Palatine, Arlington Heights, Buffalo Grove, Lincolnshire, Long Grove, Vernon Hills and Wheeling — to negotiate the lowest fixed rates for residents and businesses. In negotiating rates this year, the consortium "received competitive bids to continue the program but did not obtain rates guaranteed to be lower than ComEd’s," the statement said.

The consortium's deal with its current electricity supplier, Constellation Energy, expires in May. Last year, Constellation's rates increased, costing the average village customer about $5 more each month, but the consortium decided not to end its deal early, according to a Village of Palatine statement in 2016.

Since 2012, the aggregation group has earned a combined savings of more than $26 million for residents. In Arlington Heights, electricity customers have saved more than $6 million.

Even though the electricity aggregation program is suspended, the consortium will continue to watching power rates and will revive the program if cheaper rates can be found outside of ComEd.

A letter confirming the switch back to ComEd will go out to village aggregation participants in April. Customers' June bills will be the first to reflect ComEd rates.

photo via Patch archive

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