Park Ridge Residents Pass Electrical Aggregation Referendum
On Tuesday, March 20, 2012 Park Ridge voters approved the referendum question that will allow the residents and small business owners to save money on their electric bill.
Under the new law, the City may seek bids for the provision of aggregate electricity supply services to these customers, in hopes that the selected rate will be lower than the standard rate offered by ComEd.
The "opt-out" program, in which all residential and small commercial retail customers would be switched automatically to the alternative supplier, unless a customer affirmatively opted out of the program and continued service through ComEd or another provider. ComEd would remain the distributor of electricity in the City; the selected alternative supplier would merely generate the electricity provided and deliver it to ComEd for distribution. ComEd still maintains the infrastructure. Customers will receive a notice in the mail and they will have 21 days to decide if they want to remain with ComEd or another provider. If they do not notify the City, they will automatically be switched to the new electrical provider.
Park Ridge has collaborated with Highland Park, Lake Forrest, Skokie, Deerfield, Northbrook, Lake Bluff and Glencoe who have executed the North Shore Electricity Aggregation Consortium Intergovernmental Agreement to collaboratively work through the municipal aggregation process. Each party will operate a separate electricity aggregation program for its residents. The parties have individually and collectively determined that combining the bidding and contracting process to obtain the supply of electric power for their Electricity Aggregation Programs could provide potential savings through a joint project bid.
Park Ridge will hold its second Public Hearing on Monday, March 26, 2012 at 6:45 p.m. in the Council Chambers at City Hall. The Plan of Operation and Governance will be discussed.