The Village of Lincolnshire established an electric aggregation program in 2012 in which the average participating ratepayer has saved $432 to date for a cumulative Village savings of $890,600.
The current program expires in May 2017. The Village received competitive bids to extend the program; however, the Village could not obtain rates that would be guaranteed to be lower than the ComEd rate. The Village will monitor the market and may re-establish the program, should rates turn more favorable in the future.
Currently participating ratepayers will receive a confirmation letter from ComEd in April, notifying them of the return to ComEd supply. Residents do not need to take any action; they will automatically be moved back to ComEd at their meter read date in May, which will be reflected on ComEd bills received in June.
Residents are encouraged to take a look at options for electric rates. It is anticipated that with the suspension of the Village’s program residents may receive more solicitations from electric companies. When considering any solicitations, residents are strongly advised to avoid any monthly fees (that may be added to a fixed supply rate), early termination fees, and variable rates, which may float with no upward cap. 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. Also avoid any “deadlines” associated with signing up for a program. If solicitors contact you in-person and indicate that they are associated with the Village’s program, please contact the Village so that we can determine if the entity has a proper solicitor’s license. For more information, visit www.PlugInIllinois.org.
If you have any questions regarding the program, you may call the Village’s consultant, NIMEC, at 800.727.3820 to leave your question and callback number. You will be contacted by NIMEC within 24 hours.