Lisle Hosting Second Electric Aggregation Hearing Monday

Hoping for a break in your electric bill?

Sixty percent of Lisle voters in the March 20 primary were in favor of on behalf of its residents and small businesses. With ComEd projecting its rates at 8.5 cents per kilowatt hour this June, trustees are looking to expedite the process of choosing a new supplier in hopes that customers can reap the benefits of savings this summer.

[Review aggregation information on the Village website.]

Trustees held the first of two required public hearings last month and briefly discussed a general direction for choosing a new supplier. Residents who still have comments or questions on electric aggregation may speak at 7 p.m. Monday evening at Village Hall, 925 Burlington Ave.

The Village retained the consulting services of Northern Illinois Municipal Electric Collaborative (NIMEC) to facilitate bids. Trustees recommended a motion for NIMEC to collect and present bids following the June 4 hearing.

Trustees will then have the option to choose a supplier that evening, or possibly reject all bids.

How electrical aggregation works

Electric aggregation allows the Village to act as a single buying group, and attain a decreased electric rate in much the same way industrial customers do as bulk buyers. The Village is offering an opt-out program, which allows residents to decline participation prior to the new rate going into effect.

NIMEC representative Sharon Durling said she'll attain bids from all available suppliers for one-, two-, and three-year terms. Durling said the average resident rates from aggregation usually result in savings of more than 40 percent.

Trustees said at last month’s hearing they have not officially ruled out green options, and NIMEC can offer information for energy rates that include 25, 50, or 100 percent renewable sources, according to Durling.

Thirty precent of customers' bills would still be paid to ComEd, which is responsible for bill distribution and collection, and maintenance during outages (meaning you’ll call ComEd when there’s a power problem). Customers will receive a ComEd bill each month.

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