Residents will realize almost a 50 percent savings over what they are currently being supplied by ComEd,” Brereton continued about the bid information which was for a two year agreement.
Finance Director Chamberlin said moving forward, the city’s residents will get two letters, from one the supplier and one from ComEd which will explain how they can opt out of the aggregate program. Brereton said he couldn’t imagine who wouldn’t want to switch sand save nearly half on the energy portion of the bill, but the program requires an “opt out” feature for those who want to do so.
Chamberlin explained those who participate in the new program should start seeing the reductions in bills beginning in August. Alderman Michael Chamberlain added that the average resident would save about $300, considering average kilowatt usage.
Brereton reminded the council that the percentage reduction applies only to the energy portion of the bill and not maintenance and other costs.
