Northfield Looks for Cheaper Electricity
The village will vote on Monday to decide whether to put an electrical aggregation referendum on the Nov. 6 ballot.
Northfield officials are looking for cheaper electricity than Commonwealth Edison and could join a growing number of Illinois towns that are doing so. The village, however, would first need residents’ approval.
The Northfield Village Board has moved up its regular board meeting to 6 p.m. Monday, Aug. 20, in order to meet the deadline for voting on whether to put a question regarding electrical aggregation on the Nov. 6 ballot.
The question will ask voters if they authorize the Village of Northfield to arrange for the supply of electricity for its residents and small business customers.
How does electricity aggregation work?
The village can only solicit bids for the power generation portion of the electric bill; ComEd will still be dealing with power distribution and handling monthly bills for Northfield residents. Residents would still call ComEd if services were interrupted.
If a referendum passes, the village could still choose to purchase power from ComEd. Residents or small businesses could also choose to keep their original power supplier even if the village is working with another power supplier.
If the referendum doesn’t pass, the village would not have the authority to solicit bids and find out who has the cheapest electricity price and will have to work with ComEd.
Nearby communities saving $2.8 million
The North Shore Electricity Aggregation Consortium reported that its customers saved about $2.8 million on electricity bills over the last two months, according to a press release. The eight communities in the consortium are Deerfield, Glencoe, Highland Park, Lake Bluff, Lake Forest, Northbrook, Park Ridge and Skokie.
Wilmette expects its electricity aggregation customers to save a total of $4 million in energy costs over eight months, and the Village of Kenilworth expects its customers to save a total of $500,000 over the same period.
Northfield Village Board will meet at 6 p.m., Monday, Aug. 20, in the Village Hall Council Chambers, 361 Happ Road, Northfield.