Huntley Aggregators Announce New Electric Prices

The supplier for the Northern Illinois Governmental Electric Aggregation Consortium handling Huntley's newly-established municipal electric aggregation plan Monday announced the electric rate consumers will pay from August through July of next year. Direct Energy's new fixed rate for electricity customers will be $0.04169 per kilowatt hour.

That doesn't count transmission charges and taxes but neither does the non-summer average rate of $0.0773 per kWh for ComEd customers under the State's Illinois Power Authority contracts. IPA's price will likely go down soon, however.  In the midst of record low electric prices, bids for about one third of ComEd residential power over the next three years were due last month but the agency hasn't announced the new contracts yet or what the new average rates will be starting in June.

NIGEAC has a two-year contract with Direct Energy but only bid out the first 12 months.

Huntley through NIGEAC has an agreement with Direct Energy for an electricity Opt-Out Aggregation Program. Residents who don't get their electricity from some other alternative energy supplier will automatically be signed up for the plan unless they contact Direct Energy to be excluded.

Direct Energy will send Huntley residents (and those in Woodstock and Genoa Lakewood and Ringwood where aggregation referenda also passed) a letter soon that will explain all about starting service with Direct Energy--essentially wait until it happens--or how to reject it to maintain the status quo.