has taken another step towards providing residents with a less expensive electricity bill.
On May 24, the village entered into a two-year power supply agreement with MC Squared Energy Services, LLC, who provided the lowest cost bid of 4.739 cents per kilowatt hour. ComEd’s supply rate is approximately 8 cents per kilowatt hour.
The village utilized the services of the Northern Illinois Municipal Electric Collaborative to assist them in the process, which began after the
“We signed an agreement with MC Squared, so we’re now moving forward. It’s just a step by step process…they gave us a very nice rate as you can see,” said Public Works Director Dennis Burmeister.
The next step in the process is to draft and mail letters to residents allowing them to opt-out of the program if they wish to do so. Those who do not choose to opt-out will be automatically enrolled. Exceptions include residents who are already receiving power from an alternate supplier, or are enrolled in ComEd’s hourly pricing rate.
Residents who participate in the program should expect to see the change on their August 7 or 8 billing cycle, depending on when their meter is read.
“It went a lot faster than we thought. Back 3-4 months ago, we were kind of thinking based on the time lines and the way things were going that it would be later in the year,” Burmeister said. “People are getting up to speed on things, we’re happy.”
Barrington residents will still receive their electricity bills from ComEd, who will remain the power distributor.