On December 11, 2012, the Niles Board of Trustees an approved a resolution to authorize a referendum regarding municipal electrical aggregation.
Residents were asked if the Village of Niles should have the authority to arrange for the supply of electricity for its residential and small commercial retail customers who have not opted out of such program. The purpose of this program is to combine (aggregate) electricity service for the residents and small businesses in Niles in an attempt to save money on utility bills.
On April 9, 2013, a referendum was approved by residents to allow the Village of Niles to create an opt-out municipal electric aggregation program for eligible residential and small business customers (less than 15,000 kilowatts per year).
On April 28, 2015, the Village of Niles conducted an online auction for electric suppliers and determined that IDT Energy offered the most competitive rate, which is more favorable than the current ComEd rate to compare (ComEd rate to compare is $0.08072 starting May 1, 2014). The new rate for the Village of Niles electrical aggregation program will be in effect from June 1, 2015 until May 31, 2017.
IDT Energy offered an electricity supply rate of $0.06899 per kilowatt hour.
Homefield Energy rate until May 31, 2014: $0.07621 kWh
ComEd Energy rate June 2015 – October 2015: $0.0704 kWh
ComEd Energy rate November 2015 – May 2016: $0.0718 kWh
IDT Energy rate June 1, 2015 - May 31, 2017: $0.06899 kWh
If you would like additional information on this program, please contact IDT Energy at 1-877-887-6866.
This is a 24-month agreement. Customers will begin to be switched over from ComEd to IDT Energy within 30 days of June 1st.
Residents who do not wish to participate in the municipal aggregation program can opt-out at any time with no penalty or fee by calling IDT Energy at 1-877-887-6866.
For more information, please contact IDT Energyat 1-877-887-6866 or the Village of Niles at 847-588-8010.