Main Village Bulletin

Posted on: April 12, 2016

VILLAGE OF BUFFALO GROVE SPECIAL NOTICE REGARDING CHANGES TO RESIDENTS ELECTRIC BILLS

Residents and small business owners who are participants in the Village’s electric aggregation program will be receiving a letter in early April from Constellation advising customers of their new electric supply rate effective for June 2016 meter read.

During the 2014-2015 polar vortex, the power grid was at capacity and very close to requiring brownouts during a dangerous weather condition. As a result, regulatory changes made to the generation of electricity called “Capacity Performance” will be implemented in June of 2016. The reforms are designed to increase the reliability of the power grid, particularly during times of extreme weather or system emergencies. Additionally, the reforms result in an increase to electricity costs for all suppliers, both residential and commercial, including Commonwealth Edison.

The Village’s current aggregation contract with Constellation ends in May of 2017. However, as a result of the regulatory change, the Village’s aggregation rate will change from $6.529 cents per kWh to $7.06 cents per kWh effective with the June 2016 meter read (to be first seen on your July ComEd bill). ComEd releases their new annual rate at the end of May. It is very possible that the Village’s aggregation rate will be above the ComEd rate beginning in June. Based on an average home in the aggregation program, the Village estimates the price increase amounts to approximately $3 monthly per the average household.

The Village urges aggregation participants to stay informed about electric supply options whether through ComEd or other suppliers through Plug In Illinois (pluginillinois.org). Customers who wish to leave the Village’s aggregation program can do so by contacting Constellation directly at 1-877-585-3432. There are NO early termination fees.

Should you have any questions about the information provided, please call the Village’s aggregation consultants (NIMEC) at 1-800-727-3820.

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