Effective October 2018
Following the passage of an April 5, 2011 voter Referendum, the Village of Sugar Grove contracted with alternate retail suppliers to procure lower cost power supply for resident and small commercial retail accounts. The program has achieved great success with savings through October 2018 expected to reached an average $425 per participating household and a cumulative $1.15 million Village-wide.
The Village renewed the program in subsequent years and again sought competitive bids to extend the program at the expiration of the current term of October 2018. No bids received were below the ComEd rate to compare, which is currently an annualized 7.75¢ per kWh. With no achievable savings at this time, the Village has opted to suspend the program. The Village will retain the ability to seek bids again at a later date.
Residents who are currently enrolled in the program need do nothing. They will be automatically switched back to the default ComEd supply service at their meter read date in October 2018. They will receive a “Confirmation of Drop” notice from ComEd in late September, informing them of the upcoming switch.
PLEASE NOTE: with the suspension of the Village’s program, residents may receive increased solicitations from electric suppliers. When considering any solicitation, residents are advised to avoid variable rates that may have no upward cap, termination fees, and any added monthly or miscellaneous fees.
A recent Illinois Commerce Commission study reported that Illinois residents who engage in an individual supplier contract (i.e., not a Village electric aggregation program) paid an average 24% above the ComEd rate.
Never provide your ComEd account number to a solicitor unless you have contacted them directly to enroll and you have reviewed all terms and conditions. Avoid supposed deadlines associated with signing up for a program.
No solicitor is associated with the Village. If a solicitor claims otherwise, take their information and report to the ICC at www.icc.illinois.gov/consumer/complaint. For more information about electric rates, visit www.PlugInIllinois.org.