North Shore Electricity Aggregation customers will save about $366 on average through the first 12 months of participation, compared to Commonwealth Edison (“ComEd”) residential electricity rates, according to a joint village press release.
For the second year of the electrical aggregation Consortium's three-year contract, customer's will receive electricity at 4.990 cents per kilowatt-hour (“kWh”) for June 2013 through May 2014, according to the release.
This is a three percent increase over the current Consortium rate of 4.836 cents/kWh, and results in savings of more than 17 percent compared to ComEd.
The communities participating are Lake Bluff, Lake Forest, Deerfield, Highland Park, Glencoe, Northbrook, Skokie and Park Ridge.
Last week, ComEd announced that its residential rate for the same period will be 6.047 cents per kWh.