Electrical Aggregation in the Village of Niles
New Electricity Rate Starting June 1st
Niles, ILL. (April 25, 2014) - 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 kWh/year).
The Village secured a favorable rate for nine months in its first contract with Homefield Energy. That contract expires on June 1st. To continue the program, the Village of Niles conducted an online auction for electric suppliers on April 8th, and determined that Homefield Energy still offered the most competitive rate. Customers will begin to be switched over from ComEd to Homefield within 30 to 45 days of June 1st. If you’re already enrolled in the municipal aggregation program with Homefield Energy, you do not need to take any action – you will be automatically enrolled.
Eligible residential and small business customers will be receiving a notice in the coming days via mail which will allow them to either opt-out of the program (with no penalty) or select the 100% green energy option. If you do not opt-out of the program, you will be automatically enrolled.
Homefield Energy Rate: $ .07621 per KWH for 12 billing cycles
City of Chicago Rate: $ .0792 per KWH for 12 billing cycles
Direct Energy: $ .0794 per KWH
Metropolitan Mayor’s Caucus ESP: $ .0795 per KWH
ComEd Rate: unknown rate until May 5th
If you have additional questions on this program, please contact Homefield Energy at 1-866-694-1262.