Aggregation in general refers to many customers joining together to form a buying group. Municipal aggregation enables a municipality to organize the pooling of its citizens to become a buying group for the residents’ home electric bills. The municipality then seeks out offers on behalf of its constituents to get better pricing, terms and services than would be available to an individual. Similar to garbage collection contracts, the municipality has the authority to negotiate on behalf of its entire community.
The City first started the Municipal Aggregation program in 2012. As of the summer 2016, the average participating ratepayer has saved $346, resulting in a citywide cumulative savings of $3,800,000.
Power prices have steadily declined over the last year (similar to price drops observed in gasoline and other commodities). The ComEd rate fluctuates each month and can vary from 5.69¢ to 6.808¢ per kWh over the next year. Crystal Lake’s current electric aggregation program rate is 6.474¢ per kWh. The aggregation program rate is fixed and will be in place until June 30, 2017.
Residents are free to switch their account from the aggregation program back to ComEd service by calling the City’s supplier, Homefield Energy, at 866-694-1262. There is no fee to leave the program. Ratepayers should be aware that if they vacate the program, per ComEd rules, they cannot return to Homefield Energy for a six-month wait period.
- Is aggregation new?
No. The City has used electric aggregation since 2012. The City’s current aggregation agreement with First Energy was for two years (July 2012 – July 2014) and the rate of 4.69 cents per KWh will expire on June 30, 2014. During the program, each customer account has saved about $300 from 2012 to 2014.
- Who is eligible for the program?
All residential and commercial customers that use less than 15,000 KWh annually.
- If the current contract is expiring, who is the new aggregation supplier selected by the City?
The City has selected Homefield Energy through a competitive bid process. Of all the bidders, Homefield Energy provided the lowest price for Crystal Lake residents.
- How does a person sign up for the program?
All customers of the current aggregation program (i.e. existing First Energy customers) and existing ComEd customers will automatically be included in the program.If a customer does not immediately sign up for the program, the customer can sign up at anytime. NOTE: Customers who currently use a supply company other than First Energy or ComEd will need to contact Homefield Energy directly to sign up for the program.
- What if a resident does not want to be part of the program?
The program is not mandatory and a resident can easily opt-out of the program by either calling Homefield Energy at 866-694-1262 or contacting a supplier of the resident’s choice. If a resident opts-out and does not have a preferred supplier, ComEd will be the default supplier.
- How does a resident Contact Homefield Energy?
Monday – Friday, 8 AM – 7 PM: phone (866) 694-1262
- How should residents respond to solicitations from other electrical suppliers?
You may receive solicitations from other retail electric suppliers to switch your electricity supply. THESE SOLICITATIONS ARE NOT RELATED TO THE CITY'S ELECTRIC AGGREGATION PROGRAM. Unless you chose to opt-out, are on real-time hourly pricing, or are being served by another supplier, you are enrolled in the City's program. If you receive a solicitation, you should not provide your ComEd account number. If you provide your ComEd account number, you may be unintentionally switched to another supplier and be removed from the City's electric aggregation program.
If you have any questions, you may also contact the City of Crystal Lake at 815-459-2020
or go to our website, www.crystallake.org .