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Deerfield to Reveal Electric RateTuesday

Municipal officials to host press conference at Skokie Village Hall to unveil the consortium's new electrical rate.

Deerfield and its other partners from the North Shore Electricity Aggregation Consortium will announce their communal electricity rate tomorrow in Skokie.

a three‐year agreement with MC Squared Energy Services, the Consortium’s selected alternative electricity supplier that will supply power to an estimated 60,000 to 70,000 Consortium customers. This is one of the largest aggregation groups under a single form agreement in Illinois.

Later this month, eligible residents will get a letter from the Village explaining options which include receiving their electricity from Deerfield, continuing with Commonwealth Edison or finding their own supplier. ComEd will continue to distribute electricity through its infrastructure. This arrangement is for the power itself.

MC Squared Energy Services responded to the Consortium’s request for proposals for electricity aggregation services and was the lowest responsible bidder of seven vendors that submitted proposals.

As part of the agreement with MC Squared Energy Services, the Consortium communities will review electricity rates annually within the 36‐month time period to ensure that customers are receiving the best possible rate.

On March 20, Deerfield voters approved a referendum authorizing each consortium member to operate an “opt‐out” electricity aggregation program for its residents and small businesses. Through the intergovernmental agreement, the Consortium has been working together since December .

To learn more about MC Squared Energy Services, click here.

RB April 16, 2012 at 01:24 PM
I've not been able to understand this. If MC Squared is able buy energy and pass it along at a cheaper rate than Com Ed, why can't Com Ed do even better? It seems Com Ed has a much larger base of customers and should be able to demand an even better rate. Is Com Ed electricity more expensive to produce than wherever MC Squared is buying from? I know Com Ed will deliver the power but why is a company named MC Squared able to buy it and sell it more cheaply than Com Ed. Something remains fishy about those whole deal.
A concerned DHS Parent April 17, 2012 at 01:15 AM
The difference is usually negligible. I've done this at my business in the city before and it's only the electricity portion the bill and not the distribution and taxes portion. If you look at the actual Electric portion of the bill the usual savings is 6-10 percent of that charge. If the power goes out in Deerfield it still goes out for everyone including the people that switched to MC Squared. They have nothing to do with the distribution.
LSR April 17, 2012 at 06:03 PM
At what time will the rate be announced? How can residents get this information immediately after so they can register with the new provider?
RB April 17, 2012 at 10:52 PM
I understand that they have nothing to do with the distribution, not even the billing. I just can't figure out why MC Squared can save us money. Com Ed has a much larger base of customers without a consortium, so why the savings? Com Ed was supposed to be passing through at cost. It appears to me they are paying more than they should when some company named MC Squared can buy cheaper and in smaller quantity. That has not been explained.

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