LANSING | Village officials said Monday they will accept the rates for electricity offered this year by Commonwealth Edison, rather than try to get a different rate from another company through the electricity aggregation process.
The deal Lansing municipal government had with Verde Energy USA, a Norwalk, Conn.-based company, to provide electricity to village residents was for one year, and expires this summer.
Under the aggregation process approved in last year’s municipal elections, officials can seek new bids to see if they can get even lower rates. The Northern Illinois Municipal Electric Cooperative assists local government with the process.
But municipal officials said Monday after two rounds of bids, every single supplier was asking for a higher fee than what Commonwealth Edison was seeking — 6 cents per kilowatt hour for the summer months, and 7.42 cents per kilowatt hour for non-summer months.
All of the companies that submitted bids to provide electricity to Lansing residents were seeking at least 8 cents per kilowatt hour.
During the past year, Verde Energy charged Lansing a rate of 5.4 cents per kilowatt hour, compared to the 6.023 cents per kilowatt hour Commonwealth Edison charged during the past year.
Vivian Payne, an administrative assistant to Village President Norm Abbott, said that Lansing officials can seek new bids in the spring of 2015 to see if conditions change so that an alternate company can provide lower rates than Commonwealth Edison.
But for now, the village will have its residents get electrical power from Commonwealth Edison for this year.
Payne said letters already have been sent to Lansing residents from Commonwealth Edison informing them of their rate and residents will not have to take any action on their part to ensure they get the lower Commonwealth Edison rates.*
In a statement posted on the village’s website, municipal officials said local residents should be warned of solicitors, direct callers or direct mail pieces they may receive in coming weeks concerning electric supply and floating rates.
“It is recommended ratepayers never release their account number to a solicitor under any circumstance, unless they have decided to move to that supplier,” the statement reads.
* Editor's note: This story has been corrected from an earlier version.