RLB Electric Aggregation Touted a 47% Savings But…..

Municipal Electric Aggregation agreement with First Energy Solutions promised a 47% savings over ComEd
Municipal Electric Aggregation agreement with First Energy Solutions promised a 47% savings over ComEd

Back in June of 2012 the Village of Round Lake Beach completed the Municipal Electric Aggregation process and signed a one-year agreement with First Energy Solutions for 4.48 cents per KWh. According to an article in the News Sun, this was supposed to amount in a savings of 47 percent over the current Com Ed rates.

Today I received my ComEd bill which included the new rates from First Energy for usage over the past 30 days. A fee that had been included by ComEd on last months bill for “Transmission Service Charge” no longer appeared in the portion marked “Electricity Supply Services” so it may now be included in the rate being charged by First Energy (or maybe it was just one of those bogus fees utilities like to tack on for no apparent reason).

Adjusting my 30 day usage to the same as the amount used in the previous 30 days, the savings amounted to 39.71%, not quite the promised 47% but still a considerable savings. It would be interesting to see how First Energy or whoever calculated the 47% savings arrived at that figure. The News Sun article mentioned a ComEd rate of 8.5 cents per KW hour but I was only paying 7.43 which is probably the reason for the percentage (savings) difference.

Let me know what percent your savings was based on adjusting the usage to compare with the previous month.

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