Tag Archives: Bill McMahon

Rates to be locked in for MP energy aggregation

by David Maas
Maple Park—Bill McMahon of the Progressive Energy Group updated the Maple Park Committee of the Whole on Tuesday regarding the ongoing village energy aggregation process.

“The Com-Ed rates for this year have been set,” McMahon said. “The summer rate is 6.7 cents per kilowatt hour.”

The village is expecting to lock in a better rate when they meet with Progressive Energy to choose a supplier next week.

“We are projecting that Maple Park will be able to lock in a rate of about 4.5 to 4.8 cents per kilowatt hour,” McMahon said, “That’s a 2 cent savings right off the bat, and in the winter, the savings will be greater.”

Once the contract with the chosen supplier is signed, those rates will be locked in until the contract is up.

“Once the rates are set, the supplier will send out the opt-out notices, and following that, another opt-out notice will come form Com-Ed,” McMahon said.

If the current timetable for Maple Park’s energy aggregation stays on target, the village will start with its new energy supplier by late June or early July.

“Everything is looking good,” McMahon said. “I’m shocked to see the Com-Ed rates, but everything for the village’s aggregation is coming together great.”

Election 2012: MP residents learn about upcoming referendum

Voters may allow village to seek bids to lower electricity rates
by David Maas
MAPLE PARK—At a special informational presentation on Tuesday night for the residents of Maple Park, the village brought in Bill McMahon of the Progressive Energy Group, who spoke regarding the upcoming referendum for Municipal Energy Aggregation.

“Illinois has deregulated the energy markets,” McMahon said, “Because of that, competing companies can offer electric power. Municipalities can aggregate, and leverage the residents’ electrical accounts to seek bids for lower rates.”

For Maple Park residents, the first step to do this would be to pass a referendum in the Tuesday, March 20 election.

“The residents are given the chance to vote to allow municipal aggregation,” McMahon said. “19 out of 23 times, these referendums have passed.”

If the referendum is passed, and Maple Park decides to move forward with energy aggregation, Progressive Energy will take competitive bids from energy companies and broker the deal.

Currently, CommonWealth Edison (ComEd) Commercial rates are at $0.078, while municipalities that are aggregated are significantly less.

“In Elburn and Sugar Grove, the current aggregated price is $0.059, North Aurora is at $0.057,” McMahon said, “It is estimated that there could be an annual savings of $175 to $225 per household in Maple Park.”

Should the referendum pass, the way residents receive their power will change minimally.

“Residents would continue to get a bill from ComEd, because they are still legally required to deliver power,” McMahon said. “The change is they are no longer supplying it.”

Because of this, residents will still contact ComEd if there is any problem, such as an outage or a downed power line.

“Residents would have the option to remain with ComEd as their supplier,” McMahon said. “They would be contacted twice to have the ability to opt-out.”

For more information regarding municipal energy aggregation, the Illinois Municipal Aggregation of Electric has an informational website, www.electricaggregation.org.

“By voting ‘yes’ on the March 20 ballot, residents have the change to join 19 other villages in Illinois that have already reduced their ComEd bills by 15 percent,” McMahon said.