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Montgomery Selects Supplier for its Electricity Aggregation Program

Montgomery has awarded contract to First Energy, which will save the average household an estimated $337 annually.

officials have approved a two-year contract with First Energy to provide electricity supply services to residents.

Compared to the upcoming ComEd rate of 8.5 cents per kilowatt hour, with First Energy officials said Montgomery residents will pay 3.68 cents per kilowatt hour. The new rate, which will save the average household an estimated $337 annually, is expected to take effect later this summer for all eligible customers.

All eligible customers will be automatically enrolled into the program unless they elect to opt out, and customers should expect to receive a letter from First Energy in the mail explaining more in the coming weeks.

Village officials sought bids from electricity providers in response to a referendum held last fall.

Officials estimate the municipal aggregation program will reduce electricity charges for all Montgomery residents by almost $2 million dollars in the first year. 

Mark Tuma June 25, 2012 at 08:18 PM
That is great news! Good job to all those who are involved with getting this established for our great village of Montgomery!! My hats off to you all ... Mark T
mom of teens June 25, 2012 at 08:39 PM
The article states that all eligible customers will be automatically enrolled. Does this mean not all village residents are eligible?
Erin Sauder June 25, 2012 at 09:16 PM
Hi mom of teens, Some of the eligibility depends on if residents already have a contract with a company that isn’t ComEd--then they won’t be included in the program. They may be able to join in later, but they might have to pay a termination fee to get out of their other contract. More information can be found in this article: "The Ins and Outs of Electric Aggregation," http://patch.com/A-rB46.
Paul Tomlinson June 25, 2012 at 11:08 PM
Does the Village of Montgomery Electricity Aggregation Program apply to those Montgomery residents that live in Boulder Hill?
Erin Sauder June 26, 2012 at 12:29 AM
Hi Paul, The program only applies to Montgomery residents.
Debbie Buchanan June 26, 2012 at 10:19 PM
Just to clarify, the program applies only to residents within the corporate boundaries of the Village of Montgomery. It does not apply to Boulder Hill.

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