The Village of Downers Grove and the Village of Westmont have partnered together and awarded a contract to First Energy to provide electric supply services through the villages' Municipal Electrical Aggregation Program that they claim will lead to lower electric bills for most residents and businesses.
The new contract will save the average household approximately $350 on their annual electricity bill, according to a press release announcing the program. The two-year fixed rate of 4.75 cents per kilowatt hour for eligible residents and businesses represents a 42 percent savings over ComEd's comparable non-summer rate, officials said.
The new rate will take effect later this summer for all eligible customers, which includes most residential customers, unless theá residents under contract with a third party supplier other than ComEd and residents on ComEd's Real Time Pricing program. Businesses that use less than 15,000 kilowatt hours per year are also eligible.
All eligible customers will automatically be enrolled in the program unless they elect to opt out. First Energy will send a letter to customers soon, explaining the program and the opt out procedure, officials said.
Additional information about electric choice is available at the Illinois Commerce Commission website: www.PlugInIllinois.org.