FAQs : Referendum

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How can the Village purchase electric power at a lower cost?

The State of Illinois has deregulated energy markets, allowing competing companies to offer electric power. Municipalities can leverage residents' electric accounts to seek competitive bids for lower electric rates.

Who do I contact if there is a power outage or downed lines?

Call ComEd. By State Law, ComEd will continue to be paid to deliver electric power to homes and businesses and handle all emergency repairs.

Why is this opportunity available?

This is the last part of the deregulation process. Until this Act was amended, only large industrial, commercial and governmental entities could seek competitive bids for lower rates, and three-quarters of them do. Now residents can, too.

How can the Village purchase electric power at a lower cost?

The State of Illinois has deregulated energy markets, allowing competing companies to offer electric power. Municipalities can leverage residents' electric accounts to seek competitive bids for lower electric rates.

What if I don't want to participate in the program?

Residents will have multiple opportunities to "Opt Out" of the program, which will be your right by law. You can continue to buy power through ComEd, although the rate will most likely be higher.

What happens if the Village cannot obtain bids for better rates than ComEd offers?

Your account would stay with ComEd, who would continue to be your power provider and the local distribution company. Either way, ComEd will remain your distributor. By voting YES on the referendum, ComEd will compete with power suppliers from throughout the Midwest to provide our power.

Why is the Village doing this?

The Village wants to help you buy your power at lower rates. As a governmental organization, we want to take advantage of the new law that was enacted to benefit our residents and small businesses. If a savings of $125 to $175/year can be achieved, you could use those monies for other purchases.

What if I don't want a governmental entity to choose my electric power?

A government agency (The Illinois Power Agency) has been setting the Energy rate for ComEd for several years already. Now, with deregulation you have more options and the choice to "Opt Out:"

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