Recently approved by the Illinois Commerce Commission, Municipal Aggregation is seen as an effective way to lower resident’s electric costs. By aggregating the total power usage within the municipality, the Village can create the scale needed to reduce supply costs while ensuring the same reliable delivery service continues by ComEd.
Hanover Park is providing residents a choice for lower electric rates.
How Electric Aggregation Works
1. The Village has approved a Referendum to be placed on the March 2012 ballot.
2. The Village has chosen contract aggregator NIMEC to assist in creating the Referendum, notifying residents, negotiating with suppliers, transitioning residents, coordinating with ComEd, answering community questions, and finally managing the process.
3. Residents will vote on the March 20, 2012 Referendum during the municipal election.
4. If the Referendum is approved, NIMEC will negotiate rates with the multiple national and regional suppliers. NIMEC represents numerous municipalities thereby assuring a lower rate.
5. If the negotiated rate comes in lower than that offered from the electric suppliers, NIMEC will transition residents.
6. NIMEC then monitors supplier and utility performance, renegotiates the rate at contract renewal.
For additional questions, please contact Finance Director Rebekah Young at 630.823.5788 or email at firstname.lastname@example.org
Click here for the Municipal Aggregation FAQ sheet.