Village Selects New Electric Supplier

Village Selects New Electric Supplier
Posted on 03/08/2014

The Village of Orland Park and its electricity supplier, Nordic Energy Services, have mutually agreed to terminate their agreement one month early, enabling the village to move ahead with a new supplier that will ensure a lower rate for residents to continue saving money on their electric bills.

“We’ve had great feedback from residents who have saved more than $6 million collectively in electricity costs,” said Orland Park Mayor Dan McLaughlin.

In 2012, Orland Park voters approved a referendum for an electric aggregation opt-out program. The village’s current electrical aggregation contract with Nordic expires in June, 2014.

Because of a recent increase in energy and electric rates, the village’s current supplier, Nordic Energy, is asking to pass rising costs onto its customers. Because the village’s agreement with Nordic ends in June, the village is looking at other service providers to continue to save residents money, albeit, a month earlier than planned.

“Over the last two years, Nordic Energy has enjoyed our relationship with Orland Park and we are happy to see that they have found a supplier that fits their unique needs going forward and wish the village the best of luck,” said Nordic Energy CEO Jim Deering.

The village’s electrical aggregation consultant, NIMEC (Northern Illinois Municipal Electric Collaborative), sought proposals for the sale of electricity under the authorized electrical aggregation program.

“The village moved swiftly to find a solution for its residents that will secure long-term savings over the next three years,” said David Hoover, executive director of NIMEC. “We’re pleased that we were able to find a new supplier to keep the savings going.”

“We are working on an agreement to continue to save residents and small businesses money on their electrical service,” McLaughlin said. “Because of the increasing energy rates, it may be a few cents more per kilowatt hour than what we recently had, but it will still be less than what we’d be paying if we stayed with ComEd,” he noted.

The increase is expected to remain less than the default ComEd rate that is expected to be announced in May. The village and NIMEC expect the ComEd rate to be approximately seven cents per kilowatt hour at that time.