ELBURN – By August, residents could see more than $1 million in savings through the village’s electric aggregation program.
Elburn voters in 2011 approved a referendum giving the village the authority to negotiate such agreements on their behalf. Following the end of the first program in 2012, the village again went to bid and selected a two-year term with FirstEnergy at a fixed rate of 4.72 cents per kilowatt hour.
In comparison, ComEd’s rate was 6.005 cents per kilowatt hour in November. In the program’s first two years, participating Elburn households have saved an average of $474 in electric supply costs, with a cumulative villagewide savings of $864,000, officials said.
“We will be over $1 million at the end of August in cumulative savings,” Elburn Village President Dave Anderson said. “We can save people money without any cost involved.”
To date, 2,200 households participate in the program as well as a few small businesses, Anderson said. New residents are not automatically enrolled in the program, but can join at any time by calling FirstEnergy at 888-651-5200.
There is no fee to join or leave the program.
Those who are enrolled with other suppliers first should check with their current supplier to determine whether they would be subject to any early termination fee before joining the village’s program.