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The Village's Electric Aggregation Program
Update on ComEd November Electric Rates

ComEd has filed two notices regarding two components of the electric rates it will charge residential and small business customers beginning in November with the Illinois Commerce Commission. 

Here is how the November 2015 Price-to-Compare for ComEd calculates:

Electric Supply Charge:                             5.889 cents/kWh

Transmission Services Charge:                   1.117 cents/kWh

Purchased Energy Adjustment               - 0.214 cents/kWh

November Price-to-Compare                          6.792 cents/kWh

Explanation on Savings

Electric bills are comprised of delivery charges, supply charges, and taxes.  Included in your supply charge is the cost of purchased electricity – energy bought by your energy supply company to supply you with power.  Recently, ComEd moved to have a Purchased Electricity Adjustment (PEA) added as a credit on electric bills for electricity consumed in June.  When this credit is combined with the other charges, the total paid for electric supply amounts to a sum that is just less than the cost for the Village’s negotiated electric aggregation rate.  For the month of June, customers of ComEd for their energy supply will pay less than participants in the aggregation program.

Though this outcome may be true for the month of June, future months are just as likely to have a ComEd charge and not a credit for the PEA, leading to the aggregation program realizing a slightly higher rate of savings over the duration of months where a charge is applied.  Over the course of the electric aggregation program, participants in the program will realize savings.  These savings, however, will not be as substantial as in previous years of the program due to ComEd recently decreasing their energy charge.