WOODFORD AND MCLEAN COUNTIES (April 6, 2013) – Households in unincorporated Woodford, McLean and DeWitt counties and the municipalities of Bloomington, Clinton, Gridley, and Streator will have the opportunity to vote for lower electricity rates on Tuesday, April 9.
Municipal Electricity Opt-Out Aggregation allows villages, cities, counties, and townships to create a large buying group of residential and small commercial retail electricity accounts to seek bids for cheaper rates. Good Energy currently represents more than half a million households in the state.
It is expected residents could save between $120 and $150 annually through collective buying power of bundling residential and small business electric consumers. The purpose of deregulating electricity markets was to increase competition, lower costs and give residents the power to choose.
If the referenda are approved, there is no obligation to participate. Residents will have two opportunities to opt out and still can opt out – without penalty—once enrolled in the program. Residents already are being inundated with offers that provide fewer savings than what can be realized through bulk purchasing through municipal aggregation.
Good Energy is a national energy management consultant firm that prepares, negotiates and purchases utility supply contracts for consumers and businesses in deregulated markets.