Village of Lisle Electric Aggregation Program
Following the passage of a March 2012 voter referendum, the Village of Lisle contracted to procure lower-cost electric supply for residents and small businesses. The Village recently renewed the program and contracted with lowest bidder Dynegy Energy at a fixed rate of 7.263¢ per kWh for a two-year term ending October 2020. Participating ratepayers have saved hundreds of dollars in power costs since the program began. The program includes 25% Green power, through the purchase of Renewable Energy Certificates (RECs).
There is no enrollment fee to join, and no early termination fee, should you choose to leave the program.
Annualized ComEd supply rate to May 2019:
7.750¢ per kWh
Lisle rate with Dynegy to October 2020:
7.263¢ per kWh
Aggregation Program Update
ComEd sets its residential rate annually in the Spring of each year. Specifically, ComEd releases a Summer rate (4 months) and a non-Summer rate (8 months). ComEd then adjusts that rate in September. For the last several years, the September adjustment has been nominal.
This year, however, the September adjustment for the non-Summer rate was significant and much lower than expected. The magnitude of the reduction was much larger than previous adjustments. The non-Summer rate that was released in the Spring of 7.941¢ was recently dropped to 7.292¢. The new price is locked in through May 2019.
As such, residents who are paying the ComEd rate will not receive the anticipated 8% increase for the October to May months. Instead, they will realize a 0.5% decrease.
The unexpected reprieve is due to a settlement negotiated by the Illinois Commerce Commission and regulators in other states that make up the regional power grid called PJM Interconnection. (Northern Illinois is part of the PJM grid.) The pact affected how the costs of transmission—federally regulated prices for transporting power from plants over high-voltage lines to population centers—are allocated. The settlement cuts the cost of transmission and also reimburses electricity users in northern Illinois and other areas for past overpayments.
The ComEd rate is expected to be increased next June to the mid-7¢ range.
Good news: despite this unforeseen 8% reduction, the aggregation rate is still below the newly adjusted annualized ComEd rate of 7.326¢.
- Ratepayers receiving the opt out notice will be automatically enrolled at the low rate of 7.263¢ unless they take action to opt out.
- Ratepayers receiving the informative, opt in notice will need to call Dynegy at 844-351-7691 and provide their ComEd account information to enroll in the aggregation savings program. They will not be automatically enrolled because they:
- have previously switched to another Supplier in a private contract; or
- participate in ComEd’s hourly-rate program (RRTP)
IMPORTANT NOTE: Solicitors may take this renewal opportunity to offer other programs. NO ONE from Dynegy, the Village, or ComEd will ever visit your home or call you to enroll or ask for your ComEd account number. If a solicitor claims to be the Village’s supplier, Dynegy, or ComEd, take their information and report the incident to the ICC or at 800-524-0795.
There is never an enrollment fee, an early termination fee, nor any added monthly fees.
- A cap on residents’ power supply rates for two years
- A fixed benchmark to compare with other offers vs. ComEd rate
- Flexibility to join or leave the program, and with no fees to switch; never a termination fee
Electric deregulation has met with great success in Illinois, saving ratepayers billions of dollars: In 2010, most Lisle (and northern Illinois) residents paid the ComEd rate of over 9¢ per kWh.
1. How can I enroll in the program?
During the initial three-week opt out period, you need do nothing if you received an opt-out notice at your ComEd billing address; you will automatically be enrolled unless you opt out. After the initial opt out period, a ratepayer may enroll by calling Dynegy at 844-351-7691 and requesting the Lisle rate of 7.263¢ per kWh.
2. What is an eligible resident or small commercial account?
Any resident who is currently with ComEd and has not already switched to an Alternative Retail Electric Supplier (ARES) or who is not enrolled in a special Residential Real-Time Pricing (RRTP) program is eligible, and small commercial accounts are eligible. You must also have a residence or business located within the Village limits.
3. What is a “small commercial account?”
A small commercial account is a commercial account that consumes less than 15,000 kWh per year.
4. Where does green energy come from?
Wind generation sites are the primary source of renewable green energy in the State of Illinois, followed by solar, hydro, and methane gas from landfills. Nuclear and natural gas are not considered renewable green resources for power generation.
5. If we buy 25% green energy, will our homes be powered by the actual electricity that is generated by windmills, solar, hydro, etc.?
No. The power grid maintained by ComEd that serves your community cannot route specific power directly to your home. Those who purchase green power typically pay a premium to support green energy through the purchase of Renewable Energy Certificates (RECs). The premium paid for RECs is used to subsidize the cost of those companies that actually generate the green/renewable power.
6. How can we be certain we are buying green / renewable power?
When a power supplier sells a “green energy” product in the marketplace, that supplier is required to purchase and retire RECs to support their green products. The supplier must document and report those transactions to State and Federal agencies.
7. Are RECs legitimate?
Yes. RECs represent the benefits and attributes of renewable green energy. RECs are monitored by the Federal Energy Regulatory Commission (FERC). As energy is generated, the generation owners sell the RECs, which are numbered within an audited tracking system. RECs may be resold and only used once and then must be retired. Anyone who claims they purchase renewable power either has on-site renewable generation such solar panels or a windmill directly hooked up to their home, or they must purchase RECs to support green power development.
8. What if I don’t want to be in the program?
You may opt out before the program begins. You may leave the program after it begins, never any fee. Eligible resident and small commercial accounts will receive an opt out letter which they must sign and return within 21 days if they do not want to be in the program. Otherwise, they will automatically be enrolled. If you want to leave the program after having been enrolled, simply call Dynegy and ask to be moved back to ComEd or another supplier at any time. There is never an early termination fee.
9. I am located in Lisle’s Village limits, and have already switched to another Supplier, but would like to join the program. Can I do this?
Yes. Contact Dynegy at 844-351-7691 to enroll. It is recommended you check your contract to review any early termination fees you may be liable for; you may wish to wait for your current contract to expire before enrolling in the aggregation program. You may join the program at any time during the 24-month contract.
10. Why is the Village doing this?
A Municipal Electric Aggregation Program was approved by a simple majority in a voter referendum allowing the Village to seek pricing from an ARES for residents and small commercial accounts.
11. What is the current ComEd rate?
The effective ComEd rate for the four months June 2018 to September 2018 is 7.358¢ per kWh and then will rise to 7.941¢ per kWh for the eight months October 2018 to May 2019. That is an annualized rate of 7.75¢ per kWh. It also includes a variable charge or credit, the Purchase Electricity Adjustment (PEA). View the current rate.
12. Will I get two bills, one from ComEd and another from the new supplier?
No. ComEd will continue to bill you for electric supply, delivery and taxes. ComEd delivers electricity, and will continue to bill you for that, but they no longer supply it. They will pass along the fees you pay for the supply of your energy to the new supplier. ComEd will retain the fees you pay them for delivery.
13. Will that affect my ComEd electric service?
No. ComEd has not generated electricity since 2007. A government agency, the Illinois Power Agency (IPA) has contracted your electric supply for you.
14. If I am automatically enrolled in the program now, can I leave the program at any time?
Yes, you can later leave the program and move your account back to ComEd or another Supplier. There is no early termination fee to leave.
15. What is ComEd’s 6-month “hold” requirement?
Please note State Regulations: If you move from the program back to ComEd for longer than two months, your account is placed in a “bundled hold” status, and you may not return to the Lisle program until a full six months has passed.
16. I am enrolled in low-income assistance program. Will that be affected?
No. If you currently receive assistance via PIPP or LIHEAP, that status will not change and you can continue to get these benefits for your ComEd bill.
17. I’m on ComEd’s budget billing plan. Will that change?
No, you can stay on the budget billing plan.
18. Can I still have my payment automatically deduced from my checking account as I do now?
Yes. The way you pay your ComEd bill will not change.
19. Will someone come to my home or call to sign me up?
No. You need do nothing to automatically be enrolled in the program. If someone calls or visits your home claiming to be the Village’s power supplier, please report such activity to Village Hall or file a complaint with the ICC.
20. Is my electric supply at greater risk now that deregulation has opened markets to new suppliers?No. By law, ComEd remains the Provider of Last Resort (POLR), so if there is an issue with securing electric supply, ComEd will be required to deliver it, regardless.
The Illinois Commerce Commission offers more information about energy deregulation in Illinois and energy supply choices.
For questions about your electric account, do not call Village Hall; call Lisle’s aggregation program supplier, Dynegy, at 844-351-7691.
If you require additional assistance, call NIMEC at 800-727-3820 to leave your question and callback number. You will be contacted within 24 hours regarding the issue.
To report an electrical outage, or for questions pertaining to your ComEd bill, call ComEd at 800-334-7661.