The cost of serving each electric account varies greatly. Some ratepayer accounts will be switched to ComEd because the cost of generation for the usage profile exceeds the ComEd rate. Others will be switched to the new supplier, MC Squared Energy Services, which is headquartered in Chicago. All will pay exactly the same ComEd rate, including ComEd’s monthly variable PEA component. Notices will be mailed to residents and small business owners on January 21, 2020.
1. Ratepayers receiving an opt out notice will automatically be enrolled with MC Squared and will pay exactly the ComEd rate, including the monthly variable PEA, unless they choose to opt out by February 11. If they do not opt out, they will receive a Confirmation of Switch notice from ComEd in February confirming their switch to MC Squared.
2. Many ratepayers will receive an informative notice about the program, and they will remain a customer of ComEd. They will be considered participants in the Buffalo Grove Electric Aggregation Community and will also receive green energy credits for 50% of their electric power consumption.