Electrical Aggregation
The Village recently received competitive bids from qualified suppliers to restart the electrical aggregation program. The Village has established a program wherein ratepayers will be charged exactly the ComEd rate (including the monthly variable portion), for zero rate risk. The program benefits residents in that the Village will be provided with Renewable Energy Certificates (representing “green” energy) for 50% of power usage and community donation to be spent on sustainability projects—at no increased cost to residents or the Village.
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, 2021.
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.
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.
Frequently Asked Questions
No, the Village is renewing our green electric aggregation program. You never pay more than the ComEd rate, and 50% of power consumption is offset by Renewable “Green” Energy. The Village receives a civic grant for an environmental reserve fund—at zero added cost. You pay exactly the ComEd rate.
You need do nothing to participate. [To Buffalo Grove staff: Please note, residents receive either an opt out notice, or an informative-only notice.]:
Whether at MC Squared or ComEd, you pay exactly the ComEd rate and continue to receive your same ComEd bill. 50% of power consumption is offset by Renewable Energy sources.
- Opt Out Notice states you will be enrolled with MC Squared, no other changes.
- Informative Notice states you will remain at current status (ComEd or other supplier contract); it is simply informative; no need to opt out.
Whether at MC Squared or ComEd, you pay exactly the ComEd rate and continue to receive your same ComEd bill. 50% of power consumption is offset by Renewable Energy sources.
First, there is no difference to you: the price is exactly the same for all. Depending on complex usage patterns, certain metered accounts will switch to MC Squared and others remain at ComEd. All pay the same rate and all are participants with 50% Renewable Energy, even those at ComEd.
Yes. The opt out deadline is February 8, but no worries—you may leave the program any time. You may call after February 8 and still be removed, never a termination fee. But if you remain in the program, you are guaranteed never to pay more than the ComEd rate. To opt out, return the postage pre-paid opt out card, call, or email per instructions in your notice.
No worries, this means you are effectually opted out and will not be enrolled. The notice is simply informative. You need do nothing and you will remain at ComEd or with your current supplier.
You may either: 1) email BuffaloGrove@mc2energyservices.com; 2) call 855-575-9232 (Mon-Fri, 8a-5p); or 3) return the postage-paid card you received. (If you received notice you will remain with ComEd, there is no need to opt out. But you will still be considered a part of the program.)
No. The Village received competitive bids but all pricing was above the ComEd rate. You will pay exactly the ComEd rate, but will receive Green Energy—at zero added cost to you or the Village.
Beware! No one from ComEd, MC Squared, or the Village will ever call or visit to sign you up.
In short, the annualized ComEd base rate has declined 6.869¢ per kWh to May 2021. It varies monthly up to one half-cent above or below that rate because the cost to generate power is highly variable. For detail about aggregation or the ComEd rate, visit www.PlugInIllinois.org, a website by the ICC.
Program Benefits:50% of power consumed will be “green” energy produced by Midwest located wind generation facilities as represented in Renewable Energy Certificates to be retired on behalf of the Village residents Guaranteed to be charged the ComEd rate, with no risk of paying more than ComEd No hidden fees, no additional monthly fee Maximum flexibility to join or leave the program, and never an enrollment or switch fee Supplier provides a Civic Grant /reserve fund to the Village at no increased cost