Yorkville expects 44 percent savings on electric rate
By Steve Lord email@example.com June 15, 2012 2:18PM
Aurora estimates $300 savings
The City of Aurora recently contracted with First Energy Solutions to supply electricity to residents.
The city estimates residents will begin seeing electric bill savings — a possible $300 a year — beginning August.
A mailing will go out in the next few days for customers wishing to opt out of the aggregation program. Those opting out will continue to receive their electricity from ComEd or an alternative supplier of their choosing.
First Energy is the only electrical supplier currently endorsed by the city of Aurora. Information is available from First Energy at 866-636-3749.
Updated: July 18, 2012 6:35AM
YORKVILLE — A new contract with an Ohio-based electric firm will give residents here the potential to save $32 a month on electric costs.
The city said Friday it has reached an agreement with First Energy Solutions, which was the low bidder to provide electricity to the city. The city was given the OK to bid out for electrical services for residents in a March referendum.
According to information from City Administrator Bart Olson, ComEd rates for energy supply will be 8.5 cents for each kilowatt hour in July. First Energy’s bid was 4.76 cents for each kilowatt hour, a 44 percent savings over ComEd.
The supply part is about 33 percent of the total electric bill. So, city officials estimated the average resident will save about $32 a month, or $385 a year, with First Energy.
The savings will not begin until September or October, because city officials still must do groundwork before the new contract is implemented, such as verifying municipal electric customer addresses, which are provided by ComEd.
They also must draft an opt-out letter to be sent to every electric account in the city. Residents will get a chance to opt out and stay with ComEd if they respond to the letter. Residents who already have switched to a different electric supplier are already excluded.