Just wanted to update everyone on the status of electrical aggregation within the village. A couple weeks ago the village board gave our consultants, Rock River Energy Services, the go ahead to commit to the bid from First energy solutions for 5.305 cents for a 3 year period. Come'd current rate is 8.32 cents until June 1st. We hope the new rate (for those who don't opt out) will take effect with the March meter reading, which means you'll receive approximately a 3 cent per KwH reduction from what you're currently paying to Comed. The average electrical usage for a village resident is 885 KwH's per month, which means the average household savings will be $26.50 per month based upon ComEd's current rate.
The program has NO termination fee so you can cancel at anytime. It is optional so you don’t have to join if you don’t want to. Program has rate guarantee so if ComEd’s rate ever goes below 5.305 cents in the next 3 years First Energy will either match the price or release everyone back to ComEd.
Opt Out letters will be mailed to everyone on ComEd rate on Jan 16th and residents have until Jan 30th to opt out. If you want to participate, you don’t do anything. You will automatically be enrolled. If you don’t want to join fill out the opt out card and send it back in.
If you already have a supplier of your own, you can join this program at any time if you wish. We recommend you check first with your current supplier to see if you have any termination fees. If you don’t all you need to do to join this program is call First Energy Solutions at 1-866-636-3749 and tell them you want to join the Village of Pearl City’s aggregation program for a rate of 5.305.
NO ONE FROM THE VILLAGE PROGRAM WITH FIRST ENERGY SOLUTIONS WILL CALL YOUR RESIDENTS. ANYONE WHO CALLS YOU AND STATES THEY ARE WITH THE COMMUNITY PROGRAM ARE WRONG!!!! IF YOU GIVE OUT YOUR ACCOUNT NUMBER TO ANOTHER SUPPLIER OVER THE PHONE THEY WILL SWITCH YOU OFF THE COMMUNITY PROGRAM TO ANOTHER RATE.