CAMPTON HILLS – Residents and small businesses in Campton Hills soon should see lower electric bills, depending on the size of the building, as part of an agreement that could save users an estimated $500 or more annually, said Village President Patsy Smith.

The village recently reached a power supply agreement with MC Squared Energy Services made possible by a referendum approved in March. According to the village, the new electricity supply rate is projected to result in 37 percent to 50 percent savings off the ComEd residential electricity supply tariff rate.

“This is a great savings for our residents,” Smith said.