Residents to save 3-plus cents per kilowatt hour
By Kelly White
Palos Hills residents will be paying more than 3 cents less for electricity under the city’s agreement with a new energy supplier.
The city has chosen First Energy Solutions as its supplier of electricity, with the switch to the company expected to take place the first week of August. The move to a new supplier was made possible by voters’ passage of a referendum in March that authorized the city to pursue what is known as electrical aggregation.
Larry Shover, a representative of NIMEC (Northern Illinois Electrical Collaborative), negotiated on the city’s behalf for the cheapest electricity prices. NIMEC provided the service at no charge and received an organization fee from the energy suppliers that bid for the contract with Palos Hills.
Palos Hills residents will under the terms of the two-year deal pay 4.74 cents per kilowatt hour, comparing to the 8 cents they had been paying ComEd. Customers of ComEd had also been paying a half-cent per kilowatt hour “purchased electricity adjustment.”
Residents will begin to see their savings after their enrollment has been completed and the switch has been finalized, which will take approximately 60 days after the switch-over depending on the resident’s meter-read date.
ComEd will continue to deliver the energy supplied by First Energy Solutions, and residents will still come from ComEd. Questions regarding delivery services, power outages, metering or moving to a new address can be addressed to ComEd’s customer service line.