NORTH AURORA – The village of North Aurora has entered into an agreement with Verde Energy USA as an electric provider for residents and small commercial businesses.
The one-year agreement will start in September. The initial rate provided by Verde Energy will be 5.329 cents per kilowatt hour.
This rate includes the support of 100 percent renewable energy or “green” power, according to a village news release.
The rate is less than the current ComEd rate of 5.511 cents per kilowatt hour and lower than the ComEd rate of 5.473 cents per kilowatt hour that will be in effect starting in October.
The village earlier this month terminated its agreement with Integrys because of an increase in Integrys’ rate and being higher than the ComEd rate.
Residents will be served by the default ComEd rates through the meter read date in September.
“We are pleased that we were once again able to obtain a rate that is not only less than ComEd’s price, but is also for 100 percent renewable energy,” North Aurora Village President Dale Berman said in the news release.
Residents who are part of the aggregation will receive a letter from Verde Energy within
the next couple of weeks describing the terms of the agreement as well as an “opt-out”
form if the resident wishes to remain with ComEd. Residents who wish to optout and
consider other suppliers have until September to make another selection on a supplier, or remain with ComEd for the year.