DeKalb residents approved electrical aggregation in 2002 by voting in favor of a city-wide referendum. Electrical aggregation allows residents to pool purchasing power and secure the best rate amongst competing alternative energy suppliers. Since the energy is purchased in bulk, residents save money by entering into short-term contracts with opt-out options for safety. ComEd still delivers the electricity through its infrastructure and continues to directly invoice residents, but an alternative supplier provides the energy.
In 2014, Homefield Energy was selected as DeKalb’s electricity supplier. The three-year fixed, electrical supply contract runs from July of 2014 to July of 2017. Homefield Energy is an independent seller of power and energy service and is certified as an Alternative Retail Electricity. Supplier by the Illinois Commerce Commission (ICC Docket No. 11-0673).
Homefield Energy Rates for its current contract:
• 7.237¢/kWh for the first 24 months (July 2014 – July 2016)
• $6.307¢/kWh for the final 12 months (July 2016 – July 2017)
ComEd’s current rate is 6.388¢ per kWh. However, effective October 2016, their new rate is 5.888¢ per kWh which is lower than Homefield Energy’s current rate of 6.307¢. ComEd is allowed a maximum monthly increase or decrease of no more than .5¢. Thus, the ComEd rate can vary from 5.888¢ to 6.888¢ until next May when ComEd is allowed to reassess their rates.
Residents have the option to switch back to ComEd at no cost. The City’s aggregation program has no early termination fees. Resident wanting to move to the lower ComEd rate may do so by calling Homefield Energy, at 866-694-1262 (the City of DeKalb and ComEd cannot switch your account, only Homefield Energy is permitted). Residents can return to Homefield only after 6 months with ComEd.
Please visit the following links for more information:
https://www.pluginillinois.org/fixedrate.aspx
https://www.pluginillinois.org
https://www.icc.illinois.gov/electricity/
https://www.comed.com
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ComEd is warning customers to be on the alert for scam artists. Usually, after severe storms or as municipal aggregation contracts are pending, residents may experience unsolicited phone calls. ComEd will never solicit business or ask for personal information.
How to Recognize Suspicious Activity
1. Caller will ask for personal information such as a Social Security Number.
2. Caller claims to represent ComEd and can save you money.
3. Caller will demand immediate payment.
Please report any suspicious activity to the DeKalb Police Department at (815) 748-8400 or call ComEd directly at (800) 334-7661 Please review the data in image to see a kWh pricing trends for ComEd and electrical aggregation.
Please contact Public Works at 815 748-2030 with any questions.
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5 Comments
Yes, but does that mean that in the meantime we should pay more for electricity?
It means that you will … because you’re locked into ConEd for six months after you switch … and it’s been proven that most people have forgotten about the switch by the time the six months are up and don’t switch back if rates go back up again. That’s why many cable, satellite, and cell “specials” expire after a certain amount of time … they know customers will forget about them and, when the price goes up, will have become so “loyal” to the company they won’t switch.
It’s because we find change inconvenient because we have to take the time out of our lives to call around for better deals, then switch services, deal with installers or phone activations, switching over contact info, changing numbers, etc.
ok, thanks….see I DO pay attention, so if my bill goes up (without a significant increase in useage) I DO call & find out what’s up etc, and yes, I personally DO keep track of the expiration of “specials” etc. Based on this article, the ComEd price will be lower than Homefield for the next six months (the time we would be locked in). After that, if my supply cost were to go up, I’ll call and switch back.
That graph will be much different if and when ConEd convinced those 5,900 customers in DeKalb to switch over to them … then watch the price spike past Homefield … anyone thinking that ConEd isn’t trying to attract market share and drive Homefield out of the aggregation agreement has blinders on.
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Pay my last bill