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The original item was published from 10/7/2013 9:09:15 AM to 6/2/2014 12:05:00 AM.

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Posted on: October 7, 2013

[ARCHIVED] Electric Aggregation Update

At the April 9, 2013 Consolidated Election, Willowbrook voters approved a referendum which gave the Village of Willowbrook authority to draft a plan of operation and governance with the intention of seeking competitive bids for electric supply from alternative electric suppliers (i.e. suppliers other than ComEd). ComEd’s three-year energy rate contract expired on May 31, 2013. At this time, ComEd entered into a new contract which greatly reduced their electric supply rates.

With the recent change in ComEd’s electric supply rates, the Village began to investigate whether the electric aggregation process would be beneficial for Willowbrook residents at this time. After consulting with experts in the electric aggregation industry, it was determined that the Village could not achieve any measurable reductions in electric rates by going through the aggregation process at this time. ComEd’s pricing structure will again change in May/June 2014. Therefore, the Village will continue to monitor this issue and will revisit the matter if it is determined that meaningful savings can be realized after those changes are in place.

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