LEMONT – The Will Electric Aggregation Group, which includes Lemont, has selected Homefield Energy as its new electric supplier, according to a news release.
The aggregation group has signed a three-year contract that includes a 6.5 percent savings over the rate from ComEd, according to the release.
Lemont Mayor Brian Reaves said the group's previous two-year contract saved the 17 municipalities $25.5 million.
He explained that there are two parts to the ComEd bill: power generation and transmission. By working together, the municipalities can go out to bid on the power portion to try to get a competitive rate.
Reaves said the Illinois Commerce Commission allowed ComEd to raise the transmission rates by 33 percent, which will cut into some of the savings.
According to the release, residents will receive notice about the new contract and have 21 days to opt out of participating without penalty. Those who do not respond will automatically be part of the program.
For more information, visit www.willelectricaggregation.org.